March 12th News
On March 12th, the latest price of phenol from Sinopec SABIC Tianjin Petrochemical was reduced by 1,500 yuan to 9,500 yuan per ton. The 350,000-ton-per-year phenol-ketone unit of Sinopec SABIC has entered normal operation, with the majority of its products being used internally and a small portion sold externally. The manufacturer is shipping according to plan.

Chempricehub’s analysis of phenol indicates a bearish score of -2. The article points out that the latest price of phenol has been reduced by 1,500 yuan per ton to 9,500 yuan per ton, and the 350,000-ton-per-year phenol-ketone unit of Sinopec SABIC has entered normal operation, with products primarily used internally and a small portion sold externally. This reflects a significant increase in supply, which may lead to market oversupply and relatively insufficient demand. The substantial price reduction of 1,500 yuan indicates significant bearish pressure in the spot market, and spot prices may face further downward pressure in the short term.