1、 Price trend

According to the price monitoring of the business association, on March 5, 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

This week, the salicylic acid market was stable, the cost support was strong, the center of gravity of salicylic acid moved up, the enterprises entered a stable wait-and-see state after last week’s rise, the downstream demand recovered, the purchasing enthusiasm improved, the manufacturers’ sales pressure was not big, and the short-term market was strong. As of March 6, 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, the quotations are stable, and sublimation grade enterprises are mostly in the range of 15000-20000 yuan / ton, the quotations are stable.

In terms of raw materials, the market atmosphere of phenol is insufficient, the fluctuation of market fundamentals is limited, the downstream gas buying is very low, the inquiry enthusiasm is seriously declining, the shipping pressure of the cargo holders is increasing, the market offer is on the move, the transaction of high offer is insufficient, and there are many more traders with low intention to increase. From a macro perspective, crude oil closed up by about 5%, boosting the industrial chain products. The business community expects the domestic phenol Market to run in a volatile manner.

On March 5, the price of sulfuric acid in Shandong rose. The price of sulfur in the upper reaches of the market 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.

According to the price monitoring of the business community, in the list of commodity prices in February 2021, there were 75 kinds of commodities in the chemical sector that rose month on month, among which 54 kinds of commodities increased by more than 5%, accounting for 58.7% of the total number of commodities monitored in the sector; the top three commodities that rose were 1,4-butanediol (117.83%), n-butanol (industrial grade) (78.13%) and crude benzene (58.76%). There were 11 kinds of commodities with a month on month decrease, and 2 kinds of commodities with a decrease of more than 5%, accounting for 2.2% of the monitored commodities in the sector; the top 3 products with a decrease were hydrogen peroxide (- 21.71%), hydrochloric acid (- 11.54%) and caustic soda (- 3.17%). The average rise and fall this month was 15.8%.

3、 Future forecast

Salicylic acid analysts of business news agency think: at present, the cost side has strong support, the demand side has recovered, the manufacturers have little sales pressure, the trading atmosphere is good, the center of gravity has moved up, and the short-term market is expected to be strong.