March 30th News: On March 30th, Sinopec-SABIC Tianjin Petrochemical raised the latest phenol price by 200 yuan to 9,200 yuan per ton. The 350,000-ton-per-year phenol-ketone unit at Sinopec-SABIC has entered normal operation, with the majority of its products used internally and a small portion sold externally. The manufacturer is shipping according to plan.

Chempricehub's analysis of phenol, with a long-short score of 1, reports that Sinopec-SABIC Tianjin Petrochemical has increased the spot price of phenol by 200 yuan per ton to 9,200 yuan per ton, indicating tight market supply or increased demand, which is favorable for the spot price of phenol. Although the 350,000-ton-per-year phenol-ketone unit at Sinopec-SABIC is operating normally, the fact that most of its products are used internally and only a small portion is sold externally may further support the upward trend in spot prices.