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SunSirs: Demand Is Stable and the Market for Salicylic Acid Is Rising

December 10 2020 13:13:36     SunSirs (John)

Price trend

According to the price monitoring of the business agency, on December 9, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13,933.33 RMB/ton, an increase of 0.72% from the beginning of the month, an increase of 3.21% from the previous month, and a decrease of 9.13% from the beginning of the year.

Analysis review  

In the first ten days of December, the market for salicylic acid continued to improve, and companies rose steadily but not much. At present, downstream demand is stable, manufacturers are operating at a high level, exports and domestic trade orders are increasing, and corporate inventories are not pressured. After the increase, the market reflects that the trend of salicylic acid is relatively stable in the short term. As of December 9, the quotations of salicylic acid industrial enterprises were mostly in the range of 12,000-15,000 RMB/ton, the quotations of pharmaceutical grades were mostly in the range of 23,000-25,500 RMB/ton, and the quotations of sublimation grades were mostly in the range of 15,000-20,000 RMB/ton. The transaction was mainly negotiated, and the price was good for large quantities.

Raw material phenol, the current downstream buying is not good, the bid is cautious, the sales pressure of the holders has increased, the profit-making sellers are more willing to sell at low prices, and the market has gradually shifted the focus of negotiation under the condition of poor trading. On December 9, the performance of the phenol market in East China was relatively calm. The offer was at 6,700-6,800 RMB/ton. The offer from holders was lower, the atmosphere was not good, there were fewer downstream inquiries, and the enthusiasm for entering the market was not high. The transaction has not yet been heard, and overall the actual order needs to be improved.

Market outlook

The Salicylic Acid analyst of SunSirs believes that the downstream demand is stable, the manufacturers are operating at a high level, the export and domestic trade orders are increasing, and the corporate inventory is not pressured. After the increase, the market reflects that the trend of salicylic acid is expected to be relatively stable in the short term.

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