Salicylic acid market was Weak in stability this week (6.29-7.3)

1、 Price trend

According to the price monitoring of the business association, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14666.67 yuan / ton on July 3, which was flat compared with the price at the beginning of the week, and the market has been running smoothly in the near future.

2、 Market analysis

This week, the salicylic acid market was stable and weak, and the export was not good. In addition, the domestic market gradually entered the off-season, some downstream enterprises reduced their load operation, and the demand side was weak. At the same time, the price of raw material phenol fell, and the price of salicylic acid remained stable as a whole, and some of them were slightly reduced with little change. As of July 3, the price of industrial grade salicylic acid of Zhenjiang MaoYuan Chemical Co., Ltd. was about 15000 yuan / ton, that of pharmaceutical grade was 24000 yuan / ton, and that of sublimation grade was 22000 yuan / ton. The price of industrial grade salicylic acid is about 14000 yuan / ton, that of pharmaceutical grade is 29000 yuan / ton, and that of sublimation grade is 20000 yuan / ton. The industrial price of salicylic acid in Shandong Longxin is about 15000 yuan / ton, the ex factory price of pharmaceutical grade is about 25000 yuan / ton, the ex factory price of sublimation grade is about 18000 yuan / ton, and the ex factory price of methyl salicylate is about 24300 yuan / ton. The actual transaction is mainly through negotiation.

The upstream phenol market continued to decline. In July, the operating rate of phenol plants in China dropped to 60%. In July, the 350000 T / a phenol ketone plant in Tianjin Zhongsha is expected to start on July 10, the 400000 T / a phenol ketone plant of Shanghai xisa chemical is expected to start in late July, the 320000 T / a phenol ketone unit of Yangzhou Shiyou is expected to start on July 10, and the 400000 t / a phenol ketone unit of Sinopec No.3 well will be shut down on June 28, and it is expected to start up at the end of August. Therefore, from the late July, the operating rate is expected to rise, the supply is relatively sufficient, the demand side is looking at the low buying gas, the industry is not prosperous, and the factory start-up is also gradually declining. In the international situation, some factories are gradually returning to work, and the import volume is steadily increasing. The business association predicts that the demand side is hard to say good, and the supply side is full of bad news. The phenol Market is expected to be 6400-6800 yuan / ton in July.

3、 Future forecast

Salicylic acid analysts of the business agency believe that: the recent cost side price has fallen, the superposition of off-season demand is poor, the trading is general, some specifications of salicylic acid are slightly reduced, and the trend of salicylic acid is expected to continue to be weak and stable in the short term.