On January 16, Lihuayi Weiyuan Chemical Co., Ltd. raised the listed price of phenol by 100 to 6,100 yuan/ton. This price took effect from January 16. 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 is low.
PriceSeek Analysis for Phenol:
Bull-Bear Score: 1
The listed price of phenol increased by 100 yuan/ton to 6,100 yuan/ton. The company's units are operating normally, but inventory is low, and shipments are proceeding as planned, indicating tight supply or robust demand, supporting the rise in spot prices. This reflects an improvement in the market supply-demand balance, constituting a generally positive impact on phenol spot prices, which may drive an overall upward trend in market prices.
Comments
0