February 26th News
On February 26th, Longjiang Chemical raised its phenol price by 50 yuan to 6,900 yuan per ton, effective from the 26th. The company’s 350,000-ton-per-year phenol-ketone unit is operating at full capacity, with phenol prioritized for internal use and external sales primarily based on contracts. Inventory levels are low.
Chempricehub Analysis
Phenol, Bull-Bear Score: 1
The article indicates that Longjiang Chemical has increased its phenol price by 50 yuan per ton to 6,900 yuan per ton. Despite the unit operating at full capacity, inventory remains low, and phenol is prioritized for internal use, with external sales mainly based on contracts, suggesting tight supply and strong demand. This directly supports the spot price of phenol and may drive short-term market gains.
Bisphenol A, Bull-Bear Score: 1
Phenol is a key raw material for bisphenol A production, and its price increase will raise the production cost of bisphenol A. Against the backdrop of tight phenol supply, if downstream demand for bisphenol A remains stable, cost pressures may be passed on to spot prices, providing support.