Sinopec East China Phenol List Price Raised by 100, Set at 6,300 Yuan/ton Cash Self-Pickup, Effective from January 29. Zhenhai Refining & Chemical, Gaohua Materials, and other subsidiaries uniformly implement this price.
Chempricehub Analysis on Phenol, Bull-Bear Score: +1.0
Sinopec East China has raised its phenol list price by 100 yuan/ton to 6,300 yuan/ton cash self-pickup, effective from January 29, with subsidiaries such as Zhenhai Refining & Chemical uniformly implementing the adjustment. This directly reflects changes in fundamentals such as tightening supply or increasing demand, constituting a positive factor for spot phenol prices. Driven by a major producer, the price hike may lead to an overall increase in spot market prices and bolster market confidence. The rating is moderately bullish (+1.0), as the price increase is moderate, yet as a pricing adjustment by an industry leader, it carries significant market influence.