This week, the domestic phenol market has been weak and declining. The reference price for phenol in the East China region is between 7850-7900 yuan/ton. Terminal enterprises in the market are not very interested in entering the market, and the delivery of demand orders is low. Traders are under little pressure to ship, and there is a stable price sentiment. However, due to poor stock flow and profit sharing operations, trading follow-up is average. According to data monitored by Business Society, the domestic phenol market price was 7992 yuan/ton on December 16th and 7907 yuan/ton on December 22nd, with a slight decrease of 1.06% during the week.

Sinopec Huadong phenol is listed at a price of 8000 yuan/ton. Sinopec North China phenol is listed at a price range of 8000-8050 yuan/ton. 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/ 7880./ 0

Shandong region/ 7900./ 0

Surrounding areas of Yanshan Mountain/ 7900./ 0

South China region/ 7950./ 0

Business Society expects that the short-term market fluctuations will not be significant, and pays attention to the supply and demand fundamentals. Phenol negotiations in the East China region are expected to be between 7850-7900 yuan/ton.