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Chempricehub Alert: Zhejiang Petrochemical Phenol Price Increased by 100 Yuan
Published on 2026-02-26
February 26th News: On February 26th, Zhejiang Petrochemical raised its phenol price by 100 yuan/ton to 6,600 yuan/ton ex-Chengyin warehouse, effective from February 26th. Both the Phase I 650,000 tons/year phenol-ketone unit and the Phase II 650,000 tons/year phenol-ketone unit are operating normally, with moderate inventory levels. Sales are primarily focused on contracted phenol customers for external use. Chempricehub analysis of phenol, long-short rating: 1. The article reports that Zhejiang Petrochemical increased its phenol price by 100 yuan/ton to 6,600 yuan/ton ex-Chengyin warehouse, indicating proactive price hikes from the supply side, which may reflect stronger downstream demand or rising cost pressures. Normal operation of the units and moderate inventory levels suggest stable supply, but the price increase reinforces bullish market sentiment, providing moderate positive support for spot prices.