Tight Prices Rise, the Domestic Phenol Market Rises Again

Yesterday, Sinopec East China Phenol was raised by 100 CNY/ton to execute 9400 CNY/ton, Sinopec North China Phenol was raised by 200 CNY/ton and executed 9400-9500 CNY/ton. The overall price of phenol in East China rose by 150 CNY/ton to 9,450 CNY/ton, the North China phenol market rose by 150 CNY/ton to 9,500 CNY/ton, and the South China area also pushed up by 100-150 CNY/ton to discuss about 9,450 CNY/ton. This wave of uptrend is mainly driven by the tight supply side in the market, the center of gravity continues to rise, the market and the factory are upside down, and the factory increases the trend again to stimulate the market to rise again. Traders participate cautiously and pay attention to today's delivery volume. The East China market is expected to be around 9,500 CNY/ton today.