Phenol price in China keeps rising


Trade name: phenol


East China market (May 6): 6650 yuan / ton

Trend of domestic phenol Market Price


After the May 1st movement, the phenol market went up, and the current port inventory was low. During this period, crude oil rose sharply, and the inventory pressure of domestic real friends and other manufacturers was not high. The market showed a tight supply situation, with obvious speculation among the cargo holders. Petrochemical industry rose in the trend, and the downstream just needed to buy.¬†Due to tight supply, strong upstream cost support and fair demand, the phenol Market is expected to continue to rise under the double benefits of supply and demand. Today’s reference offer is 6750-6800 yuan / ton.

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