1、 Price trend

According to the price monitoring of the business association, on January 15, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13933 yuan / ton, which was the same as that at the beginning of the week and the same as that at the beginning of the month, down 9.13% compared with the same period last year.

2、 Market analysis

This week, the market of salicylic acid was mainly stable, and the price of a few levels rose. Recently, the market offer of raw material phenol has remained stable with acceptable support. The demand side has strong demand for goods preparation before the Spring Festival. The inquiry enthusiasm has increased. The trading atmosphere is good. The manufacturer’s offer is firm. The supply of pharmaceutical grade goods is tight. The price has risen slightly. Large orders yield profits. The market is good. According to the price monitoring of business association, as of January 15, the quotations of salicylic acid industrial enterprises were mostly in the range of 12000-15000 yuan / ton, with little fluctuation. The quotations of pharmaceutical grade enterprises were mostly in the range of 23000-25500 yuan / ton, and those of sublimation grade enterprises were mostly in the range of 15000-20000 yuan / ton. The actual transactions were mainly through negotiation.

On the 15th, the phenol Market offer continued to maintain stability, but some of the holders were lower than the turnover, and the market was slightly loose in a narrow range. However, the supply pressure of the holders was not large as a whole. The downstream inquiry just needed to follow up, and the market was slightly weak in the afternoon. However, in view of the cost and supply side problems, the market did not adjust significantly. It is estimated that the domestic phenol Market is weak, and the reference price of phenol Market in East China is 5900-6000 yuan / ton.

According to the price monitoring of the business community, in the list of commodity prices in the 02nd week of 2021 (1.11-1.15), there were 40 kinds of commodities in the chemical industry sector that rose month on month, among which 8 kinds of commodities rose by more than 5%, accounting for 8.7% of the total number of commodities monitored in the sector; the top 3 commodities were DMF (18.80%), n-butanol (industrial grade) (8.37%), epoxy resin (8.05%). There were 17 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 number of commodities monitored in this sector; the top 3 products with a decrease were butadiene (- 11.42%), ox (- 6.00%) and chloroform (- 2.94%). The average rise and fall this week was 0.93%.

3、 Future forecast

Salicylic acid analysts of business news agency think: in the near future, the raw material side is stable, the demand side is strong, the demand for goods is strong before the Spring Festival, the inquiry enthusiasm is rising, the trading atmosphere is good, the manufacturer’s offer is firm, individual rise, the market is good, and the price is expected to be stable in the short term.