April 3, 2024 — On April 3, China National Bluestar Harbin Petrochemical Co., Ltd. raised its phenol price by 150 yuan to 10,000 yuan per ton. The company's 150,000-ton-per-year phenol-ketone unit is operating normally, with phenol sales primarily based on contracts and outbound shipments proceeding as scheduled.

Chempricehub's analysis of phenol, with a bullish-bearish score of 1: China National Bluestar Harbin Petrochemical Co., Ltd. has increased its phenol price by 150 yuan per ton to 10,000 yuan per ton, indicating tight market supply and demand or increased demand. Although the unit is operating normally, the proactive price hike reflects strong confidence from the supply side, which is favorable for spot prices. The price increase may stem from rising costs or robust downstream demand. It is expected that spot prices will remain strong in the short term, and it is recommended to monitor industry inventory and demand changes.