On December 30, Shijiazhuang Bailong Chemical Co., Ltd.'s phenol capacity was 80,000 tons, with the phenol unit operating normally and low inventory levels, primarily for self-use. The price of phenol was quoted at 6,000 yuan/ton, with an increase of 100 yuan/ton. PriceSeek assessed the phenol, giving a positive score of 1 to Shijiazhuang Bailong Chemical Phenol, indicating that the supply is tight and demand is stable, which is favorable for spot prices. The low inventory levels reduce the market's available resources, and the primary use for the phenol itself suggests downstream demand support. The direct increase in the price reflects a short-term supply tightness pattern, exerting upward pressure on the price.
Comments
0