1、 Price trend
According to the price monitoring of the business agency, on October 23, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13500 yuan / ton, up 2.53% compared with the beginning of the week, 2.53% higher than the beginning of the week, and 11.96% lower than that at the beginning of the year.
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2、 Market analysis
Salicylic acid market slightly up last week, the price change is not much. At present, the traders feedback that the transaction is improved, the enthusiasm for taking goods is improved, the business attitude is optimistic, the starting load on the site is increased, some manufacturers are operating at full load, the price of raw material phenol is rising, the cost support is acceptable, and the market is getting warmer. As of October 23, the industrial price of salicylic acid is mostly in the range of 10000-15000 yuan / ton, and the price is stable; the price of pharmaceutical grade is mostly in the range of 23000-25000 yuan / ton, and the price is stable; the price of sublimation level is mostly in the range of 15000-20000 yuan / t, and the actual transaction is mainly through negotiation.
On the 22nd, the domestic phenol market continued to be weak, and there were still traders making profits and actively shipping on the floor. The downstream just needed to follow up and actively replenish, and the willingness to store goods needs to be released. There is still pressure on shippers to ship goods. There is a little profit yield when the market goes with the market, but there is too much room for profit making under the pressure of cost. Looking back this year, the phenol market has been bumping forward in the deadlock. Seeing that gold, silver and ten have passed, most market people are under pressure.
3、 Future forecast
Salicylic acid analysts of the business agency believe that: at present, the traders feedback that the transaction is improved, the enthusiasm for taking goods is improved, the business attitude is optimistic, and the cost side support is fair, and the market is picking up. It is expected that the trend of salicylic acid will be relatively stable in the short term.
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