April 13th News — On April 13th, Lihuayi Weiyuan Chemical Co., Ltd. lowered the listed price of phenol by 200 yuan to 9,200 yuan per ton, effective from April 11th. 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 levels are low.
Chempricehub Analysis on Phenol, Bull-Bear Score: -1
The listed price of phenol has been reduced by 200 yuan per ton to 9,200 yuan per ton, effective from April 11th, indicating that suppliers are proactively lowering prices in response to potential weak demand or intensified market competition, which directly exerts bearish pressure on spot prices. Although the company's phenol-ketone units are operating normally and inventory levels are low, the price reduction decision reflects market sales pressure and may trigger downstream wait-and-see sentiment. It is expected that spot prices will face downward pressure in the short term.
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