1、 Price trend

According to the price monitoring of business society, on January 14, the average price of salicylic acid (industrial grade) mainstream manufacturers was 17000 yuan / ton, which was flat compared with the beginning of the week, up 0.99% compared with the beginning of the month, and up 22.01% compared with the same period last year.

2、 Market analysis

The salicylic acid market has operated steadily this week, and the price of raw phenol has increased recently. At present, the negotiated price reference is 11000-11200 yuan / ton, and the cost support has been strengthened. However, after the early increase, salicylic acid enterprises mostly focus on staying stable and waiting, and basically do not plan to make a significant price adjustment. Near the end of the year, the downstream demand has increased, the operator’s mentality is positive, and the market focus has moved upward. Up to now, the quotation of domestic salicylic acid industrial enterprises is mostly in the range of 14000-19000 yuan / 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 20000-23000 yuan / ton.

In terms of raw materials, on January 12, the focus of the domestic phenol Market weakened. The negotiation reference in East China was 11100 yuan / ton, and the factory quotation was mainly 11200 yuan / ton. On January 11, the market center weakened, and the negotiation price reference was 11000-11200 yuan / ton. The enthusiasm of terminal enterprises was not high. The cargo holders declined slightly in the morning, made positive profits and shipped goods, and the focus decreased significantly in the afternoon.

3、 Future forecast

The salicylic acid analyst of business agency believes that the current rise in raw material prices and good downstream demand support the upward shift of the focus of the salicylic acid market. However, after the early rise, most salicylic acid enterprises focus on the wait-and-see market. It is expected that the salicylic acid market will remain stable in the short term, with some upward expectations.