On February 10, China Bluestar Harbin Petrochemical Co., Ltd. raised the price of phenol by 50 yuan to 7,250 yuan per ton. The company's 150,000-ton-per-year phenol-ketone unit is operating normally, with phenol contracts being the primary focus, and shipments are proceeding as planned. PriceSeek's analysis of phenol indicates a bullish-bearish score of 1. The increase in the spot price of phenol by 50 yuan per ton to 7,250 yuan per ton by China Bluestar Harbin Petrochemical suggests a tightening market supply and demand, likely driven by increased demand or optimized supply. The normal operation of the unit and planned shipments reinforce the support for the spot price, and it is expected that the spot price will experience a moderate rise in the short term.
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