1、 Price trend

According to the price monitoring of the business association, on February 25, the average price of salicylic acid (industrial grade) from the mainstream manufacturers was 14466.67 yuan / ton, up 3.83% from 13933.33 yuan / ton at the beginning of the week, and down 5.65% from the same period last year.

2、 Market analysis

Salicylic acid market rose this week, the price of raw material phenol rose suddenly, and the cost support was strong. The downstream factories also returned to the market one after another this week, and the demand increased. Last week, the market reaction was expected to be better. Under the mentality of buying up but not buying down, the inquiry heat increased, the manufacturers actively replenished after the festival, and the manufacturers’ shipment was not pressured, and the price rose. As of February 25, the quotations of salicylic acid industrial enterprises were mostly in the range of 13000-15000 yuan / ton, the prices rose, the quotations of pharmaceutical grade enterprises were mostly in the range of 23000-25600 yuan / ton, the quotations were stable, and the quotations of sublimation grade enterprises were mostly in the range of 15000-20000 yuan / ton, the quotations were stable.

In terms of raw materials, the phenol market had a good start in the new year. On February 23, the reference price of phenol was 7920.00, up 19.64% compared with that on February 1 (6620.00). After the surge, there are many conflicts in the downstream. At present, the market offer is close to 8000 yuan / ton. It is expected that the port will continue to replenish next week. Although the supply side continues to replenish, the business community expects that the phenol market will continue to push up in a narrow range or stabilize at a high level under the overall higher situation.

According to the price monitoring of the business community, on February 24, 2021, there were 45 kinds of commodities in the chemical industry sector which rose month on month, among which 11 kinds of commodities increased by more than 5%, accounting for 12% of the number of commodities monitored in the sector; the top three commodities increased were maleic anhydride (41.00%), crude benzene (20.18%) and 1,4-butanediol (14.93%). There were two kinds of commodities that declined on a month on month basis, with propane (- 0.44%) and styrene (- 0.35%) as the top two products. The average daily rise and fall was 2.25%.

3、 Future forecast

Salicylic acid analysts of business news agency believe that: at present, the cost support is strong, and downstream factories are returning to the market one after another this week. Under the mentality of buying up but not buying down, the replenishment enthusiasm is improved, the manufacturers have no pressure to ship, and the price is rising. It is expected that the market will be stable and strong in the short term.