February 2, Longjiang Chemical raised its phenol price by 100 yuan to 6,750 yuan/ton, effective from February 2. The company's 350,000-ton/year phenol-ketone plant is operating at full capacity, with phenol prioritized for internal use and external sales mainly based on contracts. Inventory levels are low.
Chempricehub analysis of phenol: Bullish-Bearish Score: 1.5
The article indicates that phenol prices have increased by 100 yuan/ton to 6,750 yuan/ton. The company's plant is operating at full capacity, but inventory levels are low. Prioritizing internal use has reduced external sales, leading to tight spot supply. Strong demand supports the upward trend in spot prices.
Bisphenol A, Bullish-Bearish Score: 1
As the main raw material for bisphenol A, the rising price of phenol is expected to increase production costs. Combined with potential downstream demand, this is favorable for the steady to strong performance of bisphenol A spot prices.