April 21 - On April 21, Yangzhou Shiyou lowered its phenol price by 600 yuan/ton to 8,500 yuan/ton (effective from April 21). It is reported that the 320,000-ton/year phenol-ketone unit is operating normally, with shipments primarily based on contracts and inventory levels remaining low.

Chempricehub's analysis of phenol, with a long-short score of -1.5: Yangzhou Shiyou's reduction of phenol prices by 600 yuan/ton to 8,500 yuan/ton directly reflects ample market supply or weak demand, exerting significant downward pressure on spot prices. Despite normal plant operation and low inventory, the price cut indicates that the company is facing sales pressure, likely due to weakened downstream demand or intensified competition. It is expected that spot phenol prices will remain under downward pressure in the short term.