March 10th News — On March 10th, Lihuayi Weiyuan Chemical Co., Ltd. raised the ex-factory settlement price of phenol by 500 yuan to 11,200 yuan/ton, effective from March 10th. The company's two phenol-ketone units, with a combined annual capacity of 700,000 tons, are operating normally, shipping according to plan, and inventory is low.
Chempricehub Analysis:
Phenol, Bull-Bear Score: 2
The company raised the ex-factory settlement price of phenol by 500 yuan/ton to 11,200 yuan/ton. Low inventory and normal operation of the units indicate tight supply or increased demand, significantly supporting the spot price increase.
Bisphenol A, Bull-Bear Score: 1
The rise in phenol prices, as an increase in raw material costs, may push up the production cost of bisphenol A, providing support for its spot price.