April 24 News – On April 24, Sinopec North China lowered its phenol ex-works listing price by 100 RMB/ton to 8,400 RMB/ton (spot, cash settlement), effective from April 24. Chempricehub commented on phenol: Bullish-Bearish Score: -1. Sinopec North China's reduction of the phenol listing price by 100 RMB/ton to 8,400 RMB/ton indicates ample market supply or weak demand, which may prompt other suppliers to follow suit with price cuts, further exerting downward pressure on spot prices. As an industry leader, the proactive price cut reflects inventory pressure or insufficient end-user consumption, exerting a generally bearish impact on the spot market.