May 8 News – On May 8, Shenghong Petrochemical's 650,000 t/year phenol-acetone unit continues normal operation. The contract listing price of phenol has been lowered by 450 CNY/mt to 7,750 CNY/mt. Further updates will be followed. Chempricehub's assessment on phenol: Bullish-bearish score: -1. Shenghong Petrochemical's 650,000 t/year phenol-acetone unit is running normally. On May 8, the phenol listing price was reduced by 450 CNY/mt to 7,750 CNY/mt, with spot quotes notably declining, exerting a generally bearish effect on phenol prices. Bisphenol A: Bullish-bearish score: -0.5. Phenol is the core production raw material for bisphenol A. The reduction in phenol quotes will weaken the cost support for bisphenol A production, resulting in a slightly bearish impact on bisphenol A prices.