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Liwayi Weiyuan, a Chinese chemical producer, raised its ex-works phenol settlement price by RMB 350/ton to RMB 9,000/ton on November 13, effective immediately. The company's two phenol-acetone units, with combined capacity of 700,000 tons per year, are operating normally.
Phenol is an industrial chemical with no direct link to animal feed ingredients or the grain, oilseed and feed-protein markets this feed buyer tracks. The price move has no plausible effect on feed commodity 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.