Sinopec East China Phenol Listed Price Raised by 150 to 6,200 Yuan/ton Ex-Works Cash Payment, Effective January 26, with Uniform Implementation Across Zhenhai Refining and Chemical, Gaohua Materials, etc.
Chempricehub Analysis on Phenol, Bull-Bear Score: +1
Sinopec East China has raised its phenol listed price by 150 yuan/ton to 6,200 yuan/ton ex-works cash payment, effective January 26, with uniform price adjustments across its subsidiaries such as Zhenhai Refining and Chemical. This move indicates proactive price increases by suppliers, potentially reflecting stronger market demand or rising cost pressures, which will directly drive up spot market prices for phenol and benefit spot market conditions. Score: +1 (moderately bullish)
The price increase is moderate (approximately 2.5%), and Sinopec's pricing adjustment, as a major supplier, has a significant guiding effect on the market. However, attention should be paid to subsequent actual transaction volumes and downstream acceptance.