1、 Price trend

According to the price monitoring of business society, on December 28, the average price of salicylic acid (industrial grade) mainstream manufacturers was 16833.33 yuan / ton, an increase of 2900 yuan / ton compared with 13933.33 yuan / ton at the beginning of the year, an increase of 20.81% during the year.

2、 Market analysis

In 2021, the salicylic acid market was supported by the rise of raw materials and double control of energy consumption, and the price rose steadily. In the first quarter, due to the rising price of raw material phenol, strong demand before and after the Spring Festival, increased enthusiasm for inquiry, good trading atmosphere, full opening of salicylic acid manufacturers, no pressure on inventory, traders actively entering the market, and prices continued to rise. In the second quarter, the price of raw materials continued to rise, supported by the cost of salicylic acid, but there were many changes in the international situation, which had a certain impact on the export of salicylic acid. Due to the limited power policy in some downstream areas in China, the operating load decreased slightly, and the price of salicylic acid began to decline slightly. In the third quarter, the demand in the off-season was expected to decrease, but the raw materials continued to rise. In addition, some salicylic acid enterprises stopped for maintenance, the cost supply support was strong, and the salicylic acid market rose. In the fourth quarter, the prices of raw materials phenol and liquid alkali rose. In addition, the downstream goods preparation started at the end of the year, and the demand gradually increased. The salicylic acid enterprises shipped well and the price rose. By the end of the year, the quotation of domestic salicylic acid industrial enterprises was mostly in the range of 14900-19200 yuan / ton, the quotation of pharmaceutical grade was mostly in the range of 24000-27000 yuan / ton, and the quotation of sublimation grade was mostly in the range of 19500-23000 yuan / ton.

According to the monthly increase and decrease from December 1, 2020 to November 30, 2021, the salicylic acid market generally shows an upward trend in 2021. From the above figure, it can be seen that salicylic acid has increased or slightly increased in seven months and decreased or stabilized in other months. The increase and decrease in October is the largest, the highest point of the whole year is December, the average price is 16833.33 yuan / ton, and the lowest point of the whole year is January 5, The average price is 13933.33 yuan / ton, showing a steady upward trend.

In terms of raw materials, the domestic phenol market fluctuated upward in 2021. Towards the end of the year, the mentality of the cargo holders was better, steadily pushing up the offer, and the focus climbed significantly. On December 27, the domestic phenol market continued to rise. East China negotiated a single day rise of 100 yuan / ton, with a reference of 9600-9700 yuan / ton. With the help of the centralized increase of the factory, the offer of the cargo holder further pushed up. The downstream is still just in need of follow-up, and the actual single delivery is limited.

3、 Future forecast

According to the salicylic acid analysts of business society, the salicylic acid market will rise steadily in 2021. In 2022, under the background of gradual economic recovery and the support of high costs, the salicylic acid market is still expected.