February 26th news: On February 26th, China National Bluestar Harbin Petrochemical Co., Ltd. raised the price of phenol by 100 yuan to 7,350 yuan/ton. The 150,000-ton/year phenol-ketone unit of China National Bluestar Harbin Petrochemical is operating normally, with phenol primarily supplied under contracts and shipped according to schedule.
Chempricehub analysis of phenol, bullish-bearish score: 1
China National Bluestar Harbin Petrochemical Co., Ltd. raised the spot price of phenol by 100 yuan/ton to 7,350 yuan/ton, indicating that the supply side holds an optimistic outlook on market demand. The 150,000-ton/year phenol-ketone unit is operating normally and primarily supplies under contracts, with shipments proceeding as planned. This demonstrates stable supply but an increase in price, reflecting either strengthening potential demand or rising cost pressures, which is favorable for the short-term upward movement of spot prices. This news generally has a positive impact on market sentiment, supporting the firmness of phenol spot prices.