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On November 11, Lihua Yi Weiyuan Chemical cut its ex-works settlement price for phenol by RMB 300/ton to RMB 9,000/ton, effective November 10. The company's phenol and acetone units, with 700,000 tons of combined annual capacity, are operating normally and shipping according to plan.
This is a single-producer price adjustment in a petrochemical product with no link to animal feed commodities, so it has no meaningful effect on feed supply, demand or prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.