According to the Commodity Market Analysis System of Business Society, as of May 9th, the average market price of resorcinol was 44750 yuan/ton.

Pure benzene: The domestic price of pure benzene has slightly decreased this week. On May 15th, the price of pure benzene was 8742 yuan/ton, a decrease of 0.18% from last week. After the holiday, the rebound of crude oil was not significant. Overall, the trend of the crude oil market declined during the cycle, and the market was relatively weak due to the influence of crude oil. Shandong Refinery’s offer was strong, but buyer intention fell, prices fell, and transaction volume decreased.

Nitric acid: The domestic price of nitric acid has slightly increased this week. On May 15th, the price of nitric acid was 1913 yuan/ton, and on May 8th, it was 1876 yuan/ton, an increase of 1.97% compared to last week. The supply side of the concentrated nitric acid market is supported, with a slight increase in cost trends. The market mainly focuses on orders, and the market transaction situation has improved.

M-phenylenediamine: The domestic price of m-phenylenediamine remained stable this week. On May 15th, the price of phenylenediamine was 38600 yuan/ton, which remained unchanged from last week. The downstream market orders for dispersed dyes and reactive dyes have decreased, and the overall situation is not optimistic. Some manufacturers may have plans to reduce their burden.

The atmosphere of the resorcinol market remained stable this week. From the perspective of supply and demand, the spot supply in the market was loose, with downstream buyers mainly focusing on demand. The downstream resin industry has been slow to follow up on demand, with basic needs being the main focus. The dye factory is actively selling out profits. Expected consolidation of the market trend range for resorcinol.