On September 21, the domestic phenol market was weak, and some of them held pressure on the merchants' mentality. The demand did not see any substantial improvement. Traders ran along with the market and the transaction was poor.
The East China market is in a downturn, with reference prices ranging from RMB13,000 to RMB13,100 (t price, the same below). Downstream factories are underperforming and are still on-demand. Traders follow the market to take the goods; South China market operates smoothly, with the reference price at 13,300 yuan. The intention to enter the market was sluggish, and the downstream small orders were filled in. Traders shipped along with the market; phenol in Yanshan, North China, operated smoothly. Reference prices ranged from RMB13,200 to RMB13,300. Yanhua’s inventory was low, and the enthusiasm for downstream plant purchases increased slightly.
As the National Day holiday approaches, the replenishment of the downstream factories is about to start. The phenol market will be sideways and it is unlikely to continue falling.
The East China market is in a downturn, with reference prices ranging from RMB13,000 to RMB13,100 (t price, the same below). Downstream factories are underperforming and are still on-demand. Traders follow the market to take the goods; South China market operates smoothly, with the reference price at 13,300 yuan. The intention to enter the market was sluggish, and the downstream small orders were filled in. Traders shipped along with the market; phenol in Yanshan, North China, operated smoothly. Reference prices ranged from RMB13,200 to RMB13,300. Yanhua’s inventory was low, and the enthusiasm for downstream plant purchases increased slightly.
As the National Day holiday approaches, the replenishment of the downstream factories is about to start. The phenol market will be sideways and it is unlikely to continue falling.
Qingdao Helm Import and Export Co., Ltd , http://www.chtemperedglass.com