March 9th News: On March 9th, Sinopec-SABIC Tianjin Petrochemical raised the latest phenol price by 3,400 RMB to 12,000 RMB per ton. The 350,000-ton-per-year phenol-acetone unit at Sinopec-SABIC has entered normal operation, with the majority of products used internally and a small portion sold externally. The manufacturer is shipping according to plan. Chempricehub's analysis of phenol, with a bullish-bearish score of 2, indicates that the spot price of phenol has significantly increased by 3,400 RMB per ton to 12,000 RMB per ton, reflecting strong market demand or tight supply. Although the Sinopec-SABIC unit is operating normally, the fact that most products are used internally and only a small portion is sold externally further restricts market supply, driving up prices. This is a significant positive event, and it is expected that the spot price of phenol will continue to strengthen in the short term.