March 5th News: On March 5th, Zhejiang Petrochemical raised its phenol price by 100 yuan/ton to 8,100 yuan/ton ex-warehouse in Jiangyin. This price adjustment takes effect from March 5th. Both the Phase I 650,000 tons/year phenol-acetone unit and the Phase II 650,000 tons/year phenol-acetone unit are operating normally, with moderate inventory levels. Sales are primarily focused on contract customers for external phenol supply, in addition to internal consumption. Chempricehub Analysis on Phenol, Bull-Bear Score: 1. Zhejiang Petrochemical's increase of phenol price by 100 yuan/ton to 8,100 yuan/ton reflects tight market supply or increased demand, directly benefiting spot prices. Normal operation of the units and moderate inventory indicate stable supply, but the price adjustment signals positive market sentiment, supporting a short-term upward trend.
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