Phenol market continues to stalemate

On December 5th, the domestic phenol market continued its stalemate. Although crude oil remained at a high level of over a hundred US dollars, and merchants' attitudes improved after the central bank lowered its focus on policy changes, the weak market conditions have not improved. Subject to its constraints, the atmosphere of the market talks was generally sluggish. Actual negotiations and transactions were not good, and the overall situation remained stalemate.

The atmosphere in the East China market is generally negotiable. Merchants follow the market to ship products. The market reference price ranges from RMB 8800 to RMB 8900 (tonne price, the same below). The downstream market remains on-demand, and the market as a whole lacks buying momentum.

The market in South China is limited. The merchants will be shipped to the market. The reference price in the market is between RMB 8800 and RMB 8900. The downstream purchases are on-demand, and the actual demand is relatively limited.

The market around Yanshan, North China, is operating stably. Manufacturers are limited in supply. Merchants will be shipped to the market. The market reference price is stable at 8800 to 8900 yuan, and the downstream purchase intention is not strong, and procurement on demand is maintained.

The performance of the Central China market was dull, and the market merchants offered firm offers. Some of the reference offers were between 9,000 and 9,100 yuan, and the downstream purchase intention was low. The actual negotiation was not good, and only a small amount of transactions was sporadic.

At present, the favorable domestic policy shift has basically been exhausted. Although the business mentality is good, it is difficult to make a difference if the market fundamentals do not change significantly. It is expected that although the current market business attitude is generally optimistic about the market outlook, but the operation is more cautious, and more waiting for further positive news stimulus, so the market will continue to be in the current negotiation zone stalemate, continue to rebound and rise is very limited.