Salicylic acid market price didn’t change much this week (3.29-4.2)

1、 Price trend


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According to the price monitoring of the business association, on April 2, the average price of salicylic acid (industrial grade) from the mainstream manufacturers was 14466.67 yuan / ton, which was the same as that at the beginning of the week, down 5.65% compared with the same period last year.


2、 Market analysis


Salicylic acid market is relatively calm this week, the price change is not much. The price of raw material phenol tends to be stable, but the price is still at a high level with acceptable support. The export and domestic sales are relatively stable. The attitude of the industry is relatively calm, and the price fluctuation is not much. It is prudent to wait and see the market reaction, and follow the market. The short-term price is not easy to change greatly. As of April 2, the quotations of salicylic acid industrial grade enterprises are mostly in the range of 13000-15000 yuan / ton, pharmaceutical grade enterprises are mostly in the range of 23000-25600 yuan / ton, with stable quotations, and sublimation grade enterprises are mostly in the range of 15000-20000 yuan / ton, with stable quotations.


In terms of raw materials, the domestic phenol market was temporarily stable. On April 1, the reference price of phenol was 8540.00, down 1.16% compared with March 1 (8640.00). The downstream bisphenol a continued to maintain a high level of support, reaching 26400 yuan / ton, and the market supply was extremely scarce; other downstream still just needed inquiry, and the supply and shipment were flat. It is expected that the domestic phenol market will be strong.


On April 2, the market of sulfuric acid in Shandong Province rose. The price of sulfur in the upper reaches of Shandong Province was high recently, and the cost support was good. However, the purchasing enthusiasm in the lower reaches was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid in the future fluctuated slightly.


On April 1, the salicylic acid commodity index was 86.11, flat with yesterday, down 14.40% from the highest point of 100.60 in the cycle (2011-09-19), and up 20.55% from the lowest point of 71.43 on March 29, 2016. (Note: period refers to the period from September 1, 2011 to now)


3、 Future forecast


Salicylic acid analysts of business news agency think: at present, the raw materials are in high consolidation, the supporting force is acceptable, the downstream demand is relatively stable, the export and domestic markets are relatively calm, the manufacturers are in high starting position, and the pressure is not great. It is expected that the market will be stable in the short term.

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