April 21 — On April 21, Sinopec North China lowered its phenol listed price by 600 yuan/ton to 8,500 yuan/ton for cash payment and self-pickup, effective from April 21. Chempricehub's analysis of phenol shows a bearish score of -1.5. The reduction in Sinopec North China's phenol listed price by 600 yuan/ton to 8,500 yuan/ton for cash payment and self-pickup, effective from April 21, indicates ample market supply or weak demand, exerting significant downward pressure on spot phenol prices. This move is expected to drive further declines in spot market prices. The substantial price cut reflects industry inventory pressures or weakening downstream demand, putting short-term spot market conditions under pressure.