Price trend

According to the price monitoring of SunSirs, on May 14, the average price of salicylic acid (industrial grade) from mainstream manufacturers was 14,666.67 RMB/ton, an increase of 1.15% from the beginning of the week and a decrease of 1.14% from the same period last year.

Analysis review

The salicylic acid market rose this week. The raw material phenol has risen by more than 10% since May Day. The cost support is strong. The price of salicylic acid has risen accordingly. The price adjustment range of enterprises was 300-500 RMB/ton, and some companies closed the market and stopped reporting. , There was an upward adjustment plan, and the overall market was rising. At present, there are many changes in the international situation, and the export side has a certain impact, but the domestic sales are stable, so the supporting force is acceptable, and the short-term market is relatively strong. As of May 13th, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14,666.67 RMB/ton, the quotations of enterprises were mostly in the range of 13,500-15,500 RMB/ton, and the quotations of pharmaceutical-grade salicylic acid were mostly in the range of 23,000-26,000 RMB/ton, the quotations of sublimation grade salicylic acid were mostly in the range of 18,500-20,000 RMB/ton, and the quotations of salicylic acid of various grades were raised slightly.

In terms of raw materials, the domestic phenol market rose. On May 13, the reference price of phenol was 9840.00 RMB/ton, which was 10.31% higher than that on May 1 (8,920.00 RMB/ton). On the 13th, the domestic phenol market was strong in the early afternoon, and slightly weak in the afternoon, but the phenol market remained strong. After the factory in East China increased, most of the terminals just needed to follow up. The shipment situation of the shippers was general, and the market inquiries increased but the actual orders were general. SunSirs expects the domestic phenol market to move forward steadily in the short term.

Market outlook

The salicylic acid analyst of SunSirs believes that: the current raw materials continue to rise, the cost side support is strong, the company has slightly increased, and some markets are closed waiting for new prices. The market is expected to run strongly in the short term, and there are expectations for an increase.

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