1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the phenolic resin market experienced a slight decline this week. As of April 18th, the mainstream price of domestic phenolic resin (2123) was 9950 yuan/ton, a decrease of 5.91% compared to April 1st.

2、 Market analysis

Cost side:

In terms of phenol, the phenol market is strong with a slight increase. The reference price for the East China phenol market is between 7600-7650 yuan/ton, and the purchasing interest in the terminal market is average. It is expected that the phenol market will remain strong in the short term, as there is a strong demand for participation.

3、 Future Market Forecast

Business Society analysts believe that although there is positive support for the cost side this week, there is ample inventory on the market, and downstream buyers are in urgent need. Some dealers have lowered their quotes to sell goods. In the short term, the upstream phenol market is strong, and there are signs of recovery in the phenolic resin market next week