On February 10, the price of phenol for high-performance materials was raised by 50 to 6,500 yuan/ton. The 400,000-ton/year phenol-ketone unit is operating normally, with shipments primarily under major contracts and low inventory levels. PriceSeek analysis of phenol, with a long-short score of 1.5, indicates that the spot price of phenol has increased by 50 yuan/ton to 6,500 yuan/ton. The unit is operating normally with low inventory, and shipments under major contracts are proceeding smoothly. This suggests stable supply but low inventory levels, coupled with strong demand-side support, which significantly benefits spot prices. Given the low inventory pressure and smooth shipments, it is expected that the spot price of phenol may continue to rise in the short term, bolstering market confidence.
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