March 3rd News: On March 3rd, the latest price of phenol from Sinopec-SABIC Tianjin Petrochemical was raised by 500 to 7,500 yuan/ton. The 350,000 tons/year phenol-ketone unit of Sinopec-SABIC has entered normal operation, with products mainly for self-use and a small amount for external sales. The manufacturer ships goods according to plan. Chempricehub analysis of phenol, long-short score: 1.5. The spot price of phenol has been significantly raised by 500 yuan/ton to 7,500 yuan/ton, indicating tight supply or strong demand, and the spot price is expected to rise. The normal operation of Sinopec-SABIC's unit, with products mainly for self-use and limited external sales, reinforces the limited market circulation resources and price increase expectations, constituting a significant positive impact on the spot market.