1、 Price trend

According to the price monitoring of the business community, on August 13, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14666.67 yuan / ton, the same as at the beginning of the week and the same as at the beginning of the month, and the price increased by 2.33% compared with the same period last year.

2、 Market analysis

The salicylic acid market remained stable as a whole this week, and the enterprise quotation remained mostly in the early stage, fluctuating below 500 yuan / ton, and the overall price trend was strong. At present, the price of raw phenol fluctuates and runs at a high price. In addition, salicylic acid manufacturers have stopped for maintenance recently, the market supply has been tightened, the inventory is low, the shipment is smooth, and the salicylic acid market is stable, medium and strong. By the end of the weekend, the quotation of industrial salicylic acid enterprises was mostly in the range of 12000-15500 yuan / ton, the quotation of pharmaceutical grade was mostly in the range of 23000-26000 yuan / ton, and the quotation of sublimation grade was mostly in the range of 17200-20000 yuan / ton. There was little change in Salicylic acid at all levels.

In terms of raw materials, the domestic phenol Market stopped falling and warmed up this week, and the major markets rose about 100 yuan / ton near the weekend. So far, the market reference in East China is 8850-8950 yuan / ton, an increase of 0.86% compared with Monday. I heard that the port shipping schedule has been postponed recently, and the social inventory of the port is expected to decrease. However, at present, the terminal demand has not changed much, and it is difficult to have the possibility of a significant increase. In addition, the phenol contract price is high, the cargo holder has little intention to lower the price, and the price is mainly quoted, so it is difficult for the market to fall.

3、 Future forecast

Salicylic acid analysts of business agency believe that at present, the cost support is OK. In addition, the manufacturer’s inventory pressure is not large, and the goods holders ship at a stable price. It is expected that the salicylic acid market will continue to move greatly, steadily and slightly in the short term.