May 21 News – On May 21, Shandong Fuyu Petrochemical Co., Ltd. operated its 250,000-ton/year phenol-acetone unit normally. The company lowered its phenol price by 100 yuan/ton to 8,100 yuan/ton, with inventory at a moderate level and shipments proceeding as planned. Chempricehub Analysis:
Phenol – Bullish/Bearish Score: -1
On May 21, Shandong Fuyu Petrochemical reduced its phenol quotation by 100 yuan/ton to 8,100 yuan/ton. The company's 250,000-ton/year phenol-acetone unit is operating normally, with inventory at a moderate level and shipments as scheduled. Spot supply is relatively loose, exerting a generally bearish impact on phenol spot prices.
Bisphenol A – Bullish/Bearish Score: -0.5
Phenol is a core raw material for bisphenol A production. This price cut for phenol will lower the production cost for bisphenol A, weakening cost support and having a slight bearish impact on bisphenol A prices.
Epoxy Resin – Bullish/Bearish Score: -0.5
Bisphenol A is a key raw material for epoxy resin. The decline in upstream phenol prices will be transmitted along the supply chain, indirectly weakening cost support for epoxy resin and exerting a slight bearish impact on epoxy resin prices.
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