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SunSirs: In March, the market focus of salicylic acid shifted downward

March 28 2022 08:23:48     

1. Price trend

According to the price monitoring of SunSirs, on March 25, the average price of salicylic acid (industrial grade) mainstream manufacturers was 17000 RMB/ton, which was the same as that at the beginning of the week and the same as that at the beginning of the month, and the price increased by 17.51% compared with the same period last year.

2. Market analysis

In March, the salicylic acid market continued to be stable, but the focus shifted downward. The price of the enterprise at the end of the month was reduced by about 200RMB/ton compared with that at the beginning of the month, and the price adjustment was not much. This month, the price of raw material phenol decreased, the cost support was weakened, the price of salicylic acid decreased slightly, and local health events affected the downstream demand, the shipment of enterprises slowed down, and the price of salicylic acid was adjusted in a narrow range. According to the data of business agency, the market offer of raw phenol is 1084RMB/ton, the quotation of domestic salicylic acid industrial enterprises is mostly in the range of 14000-19000RMB/ton, the quotation of pharmaceutical grade is mostly in the range of 24000-27000 yuan / ton, and the quotation of sublimation grade is mostly in the range of 20000-2300RMB/ton.

In terms of raw materials, on March 25, the reference price of phenol was 10840.00, a decrease of 1.09% compared with March 1 (10960.00). The fundamentals of the domestic phenol Market were stable. In terms of East China, the supply pressure was small, while the upward cost of international crude oil was well supported. However, due to the impact of the epidemic, the logistics and transportation in some areas are still blocked, the shipment of cargo carriers is not smooth, and some cargo carriers also have the intention of transferring profits, and the current demand side performance is poor. The business agency expects that the short-term market will still operate smoothly, and it is difficult for prices to fluctuate greatly.

3. Future forecast

According to the salicylic acid analyst of SunSirs, the salicylic acid market fell steadily in March with the reduction of raw material prices and the impact of public health events on the delivery speed. It is expected to maintain a weak and stable trend in the short term.

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

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