April 2 News: On April 2, the latest price of phenol from Zhongsha Tianjin Petrochemical was raised by 100 to 9,500 yuan/ton. Zhongsha Petrochemical's 350,000-ton/year phenol-ketone unit has entered normal operation, with the majority of products used internally and a small portion sold externally. The manufacturer is shipping according to plan. Chempricehub's analysis of phenol shows a bullish-bearish score of 1. The article indicates that the spot price of phenol has increased by 100 yuan/ton to 9,500 yuan/ton, suggesting tight market supply and demand, with strong demand or limited supply. Although Zhongsha Petrochemical's unit is operating normally, the majority of its products are used internally, with limited external sales, which may further reduce the available supply in the market and push up spot prices. This news is generally positive for the spot market, and prices are expected to continue strengthening in the short term.
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