1、 Price trend

According to the price monitoring of the business agency, on May 22, the average price of the mainstream manufacturers of salicylic acid was 14666.67 yuan / ton, which was flat compared with the beginning of the week. On May 24, the chemical index was 644 points, which was flat compared with yesterday. It was 36.61% lower than the highest point 1016 points (2012-03-13), and 7.69% higher than the lowest point 598 points on April 8, 2020. (Note: cycle refers to 2011-12-01 to now)

2、 Market analysis

Product: this week, the trend of salicylic acid is stable. In recent days, the raw material end has not changed, the cost end support is OK, and the starting load of the manufacturer is about 60%. With the production and sales, the pressure is not great. At present, the export is getting better and new orders are increasing, but the shipment volume is not big. The manufacturer’s mentality is stable and the price is stable. Traders adjust the price according to themselves. Overall, the trend of salicylic acid this week is stable and sporadic price adjustment. As of May 25, the industrial price of chemical salicylic acid in Maoyuan, Zhenjiang is about 15000 yuan / ton, the pharmaceutical price is 24000 yuan / ton, and the sublimation price is 22000 yuan / ton. The industrial price of salicylic acid in Hebei Jingye Chemical Co., Ltd. is about 14000 yuan / ton, the pharmaceutical price is 29000 yuan / ton, and the sublimation price is 20000 yuan / ton. The industrial price of salicylic acid in Shandong Longxin pharmaceutical industry is about 15500 yuan / ton, the factory price of pharmaceutical grade is about 25300 yuan / ton, the factory price of sublimation grade is about 18300 yuan / ton, and the factory price of methyl salicylate is about 24300 yuan / ton.

Industry chain: the phenol market rose again at the beginning of this week, but the downstream demand is not optimistic. In addition, the current arrival volume at the end of May is relatively sufficient, and the phenol Market is weak. According to the monitoring of the business association, the listing price of petrochemical manufacturers has remained stable at 6900-7000 yuan / ton. The market offer in East China is 6650-6700 yuan / ton, that in South China is 6850 yuan / ton, and that in Shandong and surrounding Yanshan is 6900 yuan / ton. This week’s opening phenol Market in the positive situation of tight supply, the cargo holders actively push up the market, and then from the recent transaction situation, the downstream has obvious resistance to high price phenol, the downstream procurement enthusiasm is not high, and the market volume is not optimistic. The business agency expects the phenol Market to run steadily in the short term, and expects the reference offer of the market in East China to be 6700 yuan / ton.

3、 Future forecast

According to salicylic acid analysts of the business association, the current demand is improving but not fully started year on year, and businesses are selling with production, but the volume of shipments is not large, and the market trend of salicylic acid is expected to be stable in the short term.