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Chempricehub Alert: Sinopec's Phenol Price Hike Boosts Spot Market
Published on 2026-01-30
January 30th News: On January 30th, Sinopec North China increased its phenol listed price by 150 yuan/ton to 6,450 yuan/ton for cash payment and self-pickup. This price adjustment took effect from January 30th and is uniformly implemented by Yanshan Petrochemical and Zhongsha Tianjin. Chempricehub's analysis of phenol, with a long-short score of 1: Sinopec North China raised its phenol listed price by 150 yuan/ton to 6,450 yuan/ton for cash payment and self-pickup, effective from January 30th, uniformly implemented by Yanshan Petrochemical and Zhongsha Tianjin. This increase indicates tight market supply or strong demand, providing robust support for spot phenol prices and boosting market sentiment. The adjustment of approximately 2.3% is considered a moderate positive, expected to drive spot price increases in the short term and enhance market confidence.