Sinochem New Online News On January 10, the domestic phenol market maintained a high level of consolidation. The price of phenol raw materials** remained high, and the holders of the stocks were optimistic about the trend of the latter period. The attitude of reluctant sellers was obvious, and there was still a desire for the market to continue to rise, and there was basically no situation of highs falling before the Spring Festival. However, near the Spring Festival, although the possibility of the overall phenol downstream is not large, there are still some terminal SMEs have introduced a holiday plan, there is still a certain degree of inhibition of phenol demand.
East China market as a whole is light and stable. Businesses are very pricey. They negotiate a reference price of RMB 10,800 to RMB 11,000 (t price, the same below). No one is interested in high-end offers, and some downstream terminals are closed. The actual demand is limited. The performance of the South China market was bleak. The shipping conditions of the merchants were poor and the negotiation atmosphere was poor. The reference price for the offer was between 10,800 and 11,000 yuan. The market around Yanshan, North China, is stable and the supply is still tight. The atmosphere for market negotiations is general. The reference price is between 10,300 and 10,400 yuan, and the downstream operating rate is slightly lower. The procurement is cautious and the actual demand is limited.
The trend of the phenol market continuing to rise under the support of the cost side began to be restrained by the demand. The business mentality became cautious, and the intention to enter the market was not strong. In addition, the market demand was likely to decline due to the approaching Spring Festival. It is expected that the domestic phenol market will be less likely to rise before the Spring Festival. If there is no new information, it is very likely that it will move sideways around 10,000 yuan.
East China market as a whole is light and stable. Businesses are very pricey. They negotiate a reference price of RMB 10,800 to RMB 11,000 (t price, the same below). No one is interested in high-end offers, and some downstream terminals are closed. The actual demand is limited. The performance of the South China market was bleak. The shipping conditions of the merchants were poor and the negotiation atmosphere was poor. The reference price for the offer was between 10,800 and 11,000 yuan. The market around Yanshan, North China, is stable and the supply is still tight. The atmosphere for market negotiations is general. The reference price is between 10,300 and 10,400 yuan, and the downstream operating rate is slightly lower. The procurement is cautious and the actual demand is limited.
The trend of the phenol market continuing to rise under the support of the cost side began to be restrained by the demand. The business mentality became cautious, and the intention to enter the market was not strong. In addition, the market demand was likely to decline due to the approaching Spring Festival. It is expected that the domestic phenol market will be less likely to rise before the Spring Festival. If there is no new information, it is very likely that it will move sideways around 10,000 yuan.
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