On April 2, Longjiang Chemical raised the price of phenol by 100 yuan/ton to 9,700 yuan/ton, effective from the same day. The company's 350,000-ton/year phenol-ketone unit is operating at full capacity, with phenol prioritized for internal use. External sales are primarily based on contracts, and inventory levels are low. Chempricehub's analysis of phenol, with a long-short score of +1: Longjiang Chemical increased the phenol price by 100 yuan/ton to 9,700 yuan/ton. Despite operating at full capacity, phenol is prioritized for internal use, with external sales mainly based on contracts and low inventory levels. This indicates tight supply and strong demand, which is favorable for spot prices. The score of +1 reflects a generally positive outlook, suggesting that spot prices may continue to rise in the short term.
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