Price trend

　　According to the price monitoring of SunSirs, on December 9, the average price of salicylic acid (industrial grade) from mainstream manufacturers was 16,666.67 RMB/ton, which was the same as that at the beginning of the week, and the price increased by 20.48% compared with the same period last year.

　　Analysis review

　　This week, the salicylic acid market was temporarily stable, and the market was generally stable. A small number of companies rose slightly by about 500 RMB/ton, and large orders had certain price cuts. Recently, the market has continued to be stable, the price of raw phenol has been stable, and the market offer is basically stable, with small fluctuations in some cases. The negotiation reference is 9,050-9,100 RMB/ton. Cost support is acceptable, downstream demand is good, trading is active, and the pressure on enterprise shipments is not great, and the center of gravity is slightly shifted upward. As of the 9th, the quotations of industrial grade salicylic acid from domestic enterprises were mostly in the range of 14,900-19,200 RMB/ton, the quotations of pharmaceutical grade were mostly in the range of 24,000-27,000 RMB/ton, and the quotations of sublimation grade were mostly in the range of 19,500-23,000/ton.

　　In terms of raw materials, transactions in the East China market in mainstream areas of China were general, with little change in fundamentals, and market offers were basically stable, with small fluctuations in some cases. The negotiation reference was 9,050-9,100 RMB/ton. The market negotiation atmosphere was relatively flat, but the East China holders had little pressure on shipments. First, the port inventory pressure was not great, and the domestic factory Yangzhou Shiyou’s installation was stopped for maintenance, and the holders were supporting high prices. However, the enthusiasm of downstream inquiries was average, and only maintained on-demand following up, and t transactions were limited.

　　Market outlook

　　The salicylic acid analyst of SunSirs believes that the salicylic acid market will continue to be generally stable during the week, and it will be adjusted in a narrow range according to its own shipment situation. It is expected that the salicylic acid market will continue to maintain a steady trend in the short term.

From:SunSirs