January 16th news: On January 16th, Lihuayi Weiyuan Chemical Co., Ltd. raised the listed price of its phenol product by 100 yuan to 6,100 yuan per ton. This price adjustment is effective from January 16th. The company's two sets of phenol-ketone units, with a combined annual capacity of 700,000 tons, are operating normally. Shipments are proceeding as planned, and inventory levels are low.
Chempricehub analysis of phenol, long-short score: 1. The listed price of phenol has been raised by 100 yuan per ton to 6,100 yuan per ton. While the company's units are operating normally, low inventory levels and planned shipments indicate tight supply or stable demand, supporting the rise in spot prices. This reflects an improvement in market supply-demand dynamics, providing a generally positive impact on phenol spot prices and potentially driving overall market prices upward.