January 30th News
On January 30th, Longjiang Chemical raised the price of phenol by 100 yuan to 6,600 yuan per ton, effective from the 30th. 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.
Chempricehub Analysis:
Phenol, Bull-Bear Score: 1.5
Longjiang Chemical raised the price of phenol by 100 yuan per ton to 6,600 yuan per ton. Despite operating at full capacity, phenol is prioritized for internal use, with external sales mainly based on contracts and low inventory levels. This indicates tight supply and stable demand, which is favorable for spot prices. The price increase directly reflects tight market supply and demand, potentially driving further short-term spot price increases.
Bisphenol A, Bull-Bear Score: 1
As the main raw material for bisphenol A production, the price of phenol has increased by 100 yuan per ton, which will raise the production cost of bisphenol A. This may be passed on to the bisphenol A spot market, pushing up prices. Although the article does not directly mention changes in bisphenol A supply and demand, the rising raw material costs constitute a favorable factor, supporting expectations of an upward trend in spot prices.