The domestic phenol market has been fluctuating and consolidating. The major mainstream markets are running smoothly. According to data monitored by Business Society, the domestic phenol market price was 7827 yuan/ton on January 15th, and 7770 yuan/ton on January 22nd, with a weekly decline of 0.73%.
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The market atmosphere is flat, with most trading quotes being suspended and not reported. The actual orders are stable, and the impact of imported cargo before the holiday is not expected to be significant. As the holiday approaches, logistics pressure increases, downstream terminal factories’ purchasing sentiment slows down, and some are delisted early. The overall trading atmosphere is flat. As of the 22nd, the phenol offers in various mainstream markets across the country are as follows:
Region/ Quotation on the 22nd/ Zhou’s ups and downs
East China region/ 7700./ -50
Shandong region/ 7780./ -20
Surrounding areas of Yanshan Mountain/ 7780./ -20
South China region/ 7800./ -100
From the perspective of Shengyi Society, terminal enterprises have reduced their purchases and gradually withdrawn, while traders’ willingness to actively offer has weakened, and the market may weaken or tend to stabilize.
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