On January 30, the latest price of phenol from Sinopec-SABIC Tianjin Petrochemical was raised by 150 yuan to 6,450 yuan per ton. The 350,000-ton-per-year phenol-ketone unit of Sinopec-SABIC Petrochemical has entered normal operation, with products primarily for internal use and a small portion for external sales. The manufacturer is shipping according to plan. PriceSeek analysis of phenol, with a bullish-bearish score of +1.5: The spot price of phenol increased by 150 yuan per ton to 6,450 yuan per ton, directly reflecting positive signals of tight market supply or increased demand. Although the Sinopec-SABIC Petrochemical unit is operating normally, the focus on internal use and limited external sales may reduce market circulation, further driving up spot prices. The score of +1.5 is due to the significant price increase and tight supply structure, which constitute a strong positive factor, though not an extreme event (such as large-scale shutdowns).
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