Price trend
According to the price monitoring of SunSirs, on August 30, the average price of salicylic acid (industrial grade) from mainstream manufacturers was 14,666.67 RMB/ton, which was the same as the beginning of the week and the beginning of the month, and the price increased by 2.33% compared with the same period last year.
Analysis review
In August, the salicylic acid market was generally stable. Some companies fell first and then rose within the month, but the price fluctuated slightly and adjusted in the range of 100-300 RMB/ton. The market was relatively stable at the beginning of August, and companies may sell at cut-price for shipments. Since mid-August, the price of raw phenol rose, coupled with some salicylic acid companies' parking for maintenance, the on-site supply has decreased, and some salicylic acid companies slightly adjusted the price, and actual transactions were mainly negotiated. As of the end of the month, the quotations of industrial grade salicylic acid are mostly in the range of 12,000-15,500 RMB/ton, the quotations of pharmaceutical grade salicylic acid are mostly in the range of 23,000-26,000 RMB/ton, and the quotations of sublimation grade salicylic acid are mostly in the range of 17,200-20,000 RMB/ton. There are basically no major adjustments to salicylic acid at all levels.
In terms of raw materials, following the increase in the focus of domestic phenol market talks last week, the market has corrected within a narrow range this week. As of the end of the weekend, the market in East China was 9,050-9,100 RMB/ton, and the negotiation of Shandong and Yanshan surrounding areas was 9,100-9,150 RMB/ton. Participation of intermediary traders has weakened. As the weekend approaches, the supply is expected to decrease in September. Under the influence of news, the focus of negotiations has been slightly adjusted up.
Market outlook
The salicylic acid analyst of SunSirs believes that the market for salicylic acid in August had little volatility. Supported by cost, and the supply was good, the price of salicylic acid was relatively firm, and the price of salicylic acid in some companies rose slightly. It is expected that the salicylic acid market will continue to run smoothly in the short term.
