March 3 — On March 3, Yangzhou Shiyou raised its phenol price by 200 yuan/ton to 7,300 yuan/ton (effective from March 3). It is reported that the 320,000-ton/year phenol-ketone unit is operating normally, with shipments primarily under contract and inventory levels remaining low. Chempricehub Analysis: **Phenol** Bull-Bear Score: 1.5 Yangzhou Shiyou’s phenol price increase of 200 yuan/ton to 7,300 yuan/ton reflects tight spot supply. Although the unit is operating normally, low inventory levels and the dominance of contract shipments indicate limited spot availability, supporting upward price momentum. The spot market is expected to remain strong in the short term, bolstering corporate profitability. **Bisphenol A (BPA)** Bull-Bear Score: 0.5 As phenol is a key raw material for BPA, the rise in phenol prices will increase BPA production costs, providing support for spot prices. However, the current report does not directly address changes in BPA supply and demand. A cautious assessment incorporating downstream demand is required, suggesting a relatively moderate positive impact.