On February 10th, Longjiang Chemical increased the price of phenol by 50 yuan to 6,800 yuan per ton, effective from the 10th. The company's 350,000-ton-per-year phenol-ketone unit is operating at full capacity, with phenol prioritized for internal use. External sales are primarily based on contracts, and inventory levels are low. PriceSeek analysis for phenol, with a bullish-bearish score of 2, indicates that Longjiang Chemical's price hike of 50 yuan per ton for phenol to 6,800 yuan per ton, coupled with the full-capacity operation of the phenol-ketone unit, prioritization of internal use, contract-based external sales, and low inventory, suggests tight spot supply and strong demand, which is a significant positive for spot phenol prices. It is expected that spot prices may continue to rise in the short term. For bisphenol A, with a bullish-bearish score of 1, as phenol is a major raw material for bisphenol A, the increase in phenol prices may raise the production costs of bisphenol A, indirectly driving up its spot prices. Although the article does not directly mention bisphenol A, based on the raw material transmission effect, this news generally supports the spot market for bisphenol A.
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