April 21st News: On April 21st, Sinopec SABIC Tianjin Petrochemical Co., Ltd. (SSTPC) lowered the latest phenol price by 500 yuan to 8,500 yuan/ton. The 350,000-ton/year phenol-acetone unit at SSTPC has resumed normal operation, with products primarily for internal use and a small portion for external sales. The manufacturer is shipping according to plan. Chempricehub analysis of phenol, with a long-short score of -1: The spot price of phenol has decreased by 500 yuan/ton to 8,500 yuan/ton, indicating ample market supply or weak demand, which is bearish for spot prices. The normal operation of SSTPC's 350,000-ton/year phenol-acetone unit, with products mainly for internal use and limited external sales, along with planned shipments by the manufacturer, further reinforces supply-side stability, potentially intensifying downward pressure on prices. Considering the current market conditions, this event constitutes a generally bearish impact on phenol prices.