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Chempricehub Important Reminder: Sinopec Phenol List Price Increased by 400 Yuan
Published on 2026-03-06
March 6th news: On March 6th, Sinopec East China raised its phenol listed price by 400 yuan, implementing 8600 yuan/ton ex-works cash payment. The price takes effect from March 6th, and its subsidiaries such as Zhenhai Refining and Chemical and Gaohua Materials uniformly implement this price. Chempricehub analysis of phenol, long-short score: 1.5. Sinopec East China raised its phenol listed price by 400 yuan/ton to 8600 yuan/ton, indicating proactive price increases from the supply side, possibly due to rising raw material costs or improved downstream demand, which will directly drive up spot market prices for phenol. Market participants anticipate tightening spot supply, providing short-term support for spot prices and bolstering bullish sentiment. The score is based on the significant price increase, but attention should be paid to actual transaction follow-up, giving a generally positive but moderately strong rating.