China’s domestic phenol Market declined narrowly on June 12

Trade Name: Phenol

East China Market (June 12): 7400 yuan/ton

Main points of analysis: crude oil fell, cost was low, market psychology was under pressure, domestic phenol market weakness was not adjusted, further decline. The market quotations of each district continue to bottom out. The downstream terminal enterprises are not very interested in buying. They just need to follow up. Holders are not lack of pressure when they move goods. The gravity of some low-frequency image pressure shows a downward trend, and it is difficult for them to release volume. Business associations expect the domestic phenol Market to continue its downward trend, and the market may continue to bottom out. The market price of phenol in East China refers to 7400-7450 yuan/ton.