The market for resorcinol remained stable this week

Market price trend chart of resorcinol

 

According to the Commodity Market Analysis System of Shengyishe, as of March 20th, the average market price of resorcinol was 44500 yuan/ton, which is the same as last week.

 

Pure benzene: The price of pure benzene in China has slightly increased this week. On March 20th, the price of pure benzene was 8573.17 yuan/ton, an increase of 0.96% from last week and 17.77% from the same period last year. The East China market is in talks of a decline, with mixed ups and downs. There are few spot transactions and sufficient downstream inventory, creating a wait-and-see atmosphere.

 

Nitric acid: The domestic price of nitric acid has slightly decreased this week. On March 20th, the price of nitric acid was 1790 yuan/ton, and on March 13th, it was 1833 yuan/ton, a decrease of 2.32% from last week and 26.78% from the same period last year. At present, the market continues to be weak, and manufacturers are shipping according to the market.

 

M-phenylenediamine: The domestic price of m-phenylenediamine remained stable this week. On March 20th, the price of phenylenediamine was 37166.67 yuan/ton. The performance of the raw material market is strong, while the atmosphere in the downstream dye and pesticide intermediate markets is calm.

 

This week, the trading atmosphere in the resorcinol market was relatively light, with limited improvement in downstream rubber industry operating rates. The atmosphere in the dye and pesticide intermediate market was calm. It is expected that the market for resorcinol will remain stable.

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