February 10th News
On February 10th, Sinopec SABIC Tianjin Petrochemical increased the latest price of phenol by 50 yuan to 6,600 yuan/ton. The 350,000-ton/year phenol-ketone unit of Sinopec SABIC Petrochemical is operating normally, with the majority of the products used internally and a small portion sold externally. The manufacturer is shipping according to plan.
Chempricehub Analysis of Phenol, Bull-Bear Score: 1
The article reports that Sinopec SABIC Tianjin Petrochemical raised the spot price of phenol by 50 yuan/ton to 6,600 yuan/ton, indicating tight market supply or improved demand. Although the unit is operating normally, the majority of the products are used internally, with only a small portion sold externally, which may limit market supply and support price increases. This directly benefits the spot market for phenol, and prices are expected to remain firm in the short term. Based on the price increase signal and supply structure, the assessment is generally positive.