March 3rd News On March 3rd, Sinopec East China raised the listed price of phenol by 600 yuan, implementing a price of 7,500 yuan/ton for cash-on-delivery self-pickup. This price adjustment took effect from March 3rd, with Sinopec's Zhenhai Refining & Chemical, Gaohua Materials, and other subsidiaries uniformly adopting this price. Chempricehub Analysis on Phenol, Bull-Bear Score: 2 Sinopec East China has increased the listed price of phenol by 600 yuan/ton to 7,500 yuan/ton, implementing cash-on-delivery self-pickup, with subsidiaries such as Zhenhai Refining & Chemical uniformly following this adjustment. This change reflects tight market supply or strong demand, constituting a significant positive factor for spot phenol prices. It is expected to prompt other suppliers to follow suit with price hikes, driving an overall upward trend in the spot market.