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[China Epoxy Resin Industry Online] June 23, 2005: The phenol market has maintained a steady upward trend recently, and the atmosphere is very active.
Experts said that the main reason is the rising crude oil market and the stability of the external pure benzene market, which provides a good operating background for phenol.
Manufacturers actively raised prices despite good sales.
Yanhua and Baotou Technology raised their prices by 100 yuan/ton again last weekend, which further stimulated the market’s buying mentality.