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SunSirs: The Market Price of Salicylic Acid Has Risen Slightly in December

December 29 2020 13:50:38     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, on December 28, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13,933 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 December, the market for salicylic acid rose slightly. Companies generally raised the price of salicylic acid. The market was positive. At the same time, new production capacity entered the market. Due to good demand this month, manufacturers' goods were in short supply, orders increased, and export and domestic sales demand increased significantly. Some companies said that during this period, exports and domestic sales were half and sales were smooth. According to the monitoring data of SunSirs, as of December 28, the quotations of salicylic acid industrial enterprises were mostly in the range of 11,000-15,000 RMB/ton, the quotations of pharmaceutical grade were mostly in the range of 23,000-25,500 RMB/ton, and the quotations of sublimation grade were mostly in the range of 15,000- 20,000 RMB/ton, the actual transaction was mainly negotiated.

As the raw material phenol, the domestic phenol market was weak, and the center of gravity fell again during the weekend's decline. At the beginning of the week, due to the impact of shipping schedules, there was little pressure on port inventory. Holders had a strong mentality and intended to increase their quotations, but the downstream acceptance was limited, and the supply of goods was not well traded. Although there was a large supply of supply near the weekend, the supply of domestic factories was expected to be slightly reduced. In view of the cost pressure, the quotations of the holders remained firm. But there were very few market enquiries and very few transactions. SunSirs expects the domestic phenol market to be weak.

According to the price monitoring of SunSirs, in the 51st week of 2020 (12.21-12.25), there were 19 products in the chemical sector of the commodity price list that increased month-on-month. Among them, there were 2 products that have increased by more than 5%, accounting for 2.2% of the number of monitored products in this sector; the top 3 commodities for increase were formic acid (9.42%), propylene glycol (5.02%), and ECH (4.11%).A total of 30 products fell month-on-month, and 9 products fell more than 5%, accounting for 9.8% of the number of monitored products in this sector; the top 3 products that fell were silicone DMC (-21.84%) and bisphenol A ( -9.91%), OX (-9.09%). The average increase and decrease this week was -0.69%.

Market outlook

The salicylic acid analyst of SunSirs believes that the downstream demand is good this month, the market is in short supply, the sales are smooth, and the price rises slightly. It is expected that the price of salicylic acid will run steadily at the end of the year.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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