SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Raw Materials Raised and Salicylic Acid Market Rose in May

June 05 2020 13:10:59     SunSirs (John)

Price trend

According to the data of SunSirs, the average price of salicylic acid mainstream manufacturers on May 31 was 14,666.67 RMB/ton, up 2.33% from the beginning of the month, and the average price increased by more than 300 RMB/ton. This month, the trend was stable and upward.


Analysis review   

Product: The market for salicylic acid in May was better. Returned after the May Day holiday, the foreign economy restarted, the export situation of salicylic acid improved, orders increased, manufacturers started to increase the load, with the production and sales, the pressure was not great, there were manufacturers operating at full load, the industry's mentality has improved. At the same time, the price of phenol in the raw material end rose sharply in May, and the support was strong. The price of salicylic acid rose and the price rose accordingly. At present, domestic demand has basically recovered, but salicylic acid is mostly export-oriented. At this stage, the demand side has not yet been fully released, so it is difficult to have actual support for the upward trend. The manufacturer’s mentality is stable, and the trend of salicylic acid is stable after rising in May. According to their own shipments, companies have lowered their shipments slightly. As of May 31, the industrial grade salicylic acid price of Maoyuan Chemical in Zhenjiang was about 15,000 RMB/ton, the industrial grade salicylic acid price of Hebei Jingye Chemical was about 14,000 RMB/ton, and the industrial grade salicylic acid price of Shandong Longxin Pharmaceutical was at around 15,500 RMB/ton, the price of the enterprise has not changed much.

Industrial chain: Phenol rose sharply in May, and the arrival volume at the end of May was relatively sufficient, and the phenol market was weak. According to the monitoring of SunSirs, the current listed prices of petrochemical manufacturers remain stable at 6,900-7,000 RMB/ton. The offer in the East China market is 6,650-6,700 RMB/ton, the South China region offers 6,850 RMB/ton, and the Shandong region and the surrounding areas of Yanshan offer 6,900 RMB/ton. In the opening phenol market this week, under the favorable situation of tight supply, the holders actively pushed up the market, and then from the perspective of recent transactions, the downstream resistance to high-priced phenol is obvious, the downstream procurement enthusiasm is not high, and the market volume is not optimistic. SunSirs expects the short-term phenol market to stabilize steadily, and the market reference in East China is expected to be 6,700 RMB/ton.


Market outlook

The analysts of SunSirs believe that the current price increase of the raw material end has driven the price of salicylic acid to rise, and the demand side has improved, but the release has not been enough. Most manufacturers' mentality is mainly for stability, and there is no price adjustment plan. It is expected that in the short term the salicylic acid market maintained stable operation.


If you have any questions, please feel free to contact SunSirs with


Rubber & plastics
Non-ferrous metals
Building materials
Agricultural & sideline products