On February 2, Sinopec North China raised its phenol listed price by 100 yuan to 6,550 yuan/ton for spot payment and self-pickup, effective from February 2. Both Yanshan Petrochemical and Zhongsha Tianjin, subsidiaries of Sinopec, will uniformly implement this price. PriceSeek analysis of phenol, with a long-short score of 1.5: Sinopec's increase in the phenol listed price in North China by 100 yuan/ton to 6,550 yuan/ton reflects tight market supply or strengthened demand, significantly benefiting spot phenol prices. This move, driven by major producers, may lead to an overall price increase in the industry, with strong bullish sentiment in the short-term spot market.
Comments
0