1、 Price trend

According to the price monitoring of the business association, on April 9, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14500 yuan / ton, up 0.23% from the beginning of this week and 1.16% from the same period last year.

2、 Market analysis

After the Qingming Festival, the salicylic acid market continued to be stable with no obvious change in price. The price of raw material phenol rose steadily, and the cost support was acceptable. After the festival, the downstream just needed to replenish. The manufacturer’s equipment was fully opened, and there was no inventory pressure, so the price was firm. As of April 9, the quotations of salicylic acid industrial level enterprises are mostly in the range of 13000-15500 yuan / ton, pharmaceutical level enterprises are mostly in the range of 23000-25600 yuan / ton, and the quotations are stable, while sublimation level enterprises are mostly in the range of 15000-20000 yuan / ton, and the quotations are stable.

In terms of raw materials, the reference price of phenol was 8680.00 on April 8, up 1.64% compared with 8540.00 on April 1. The focus of domestic phenol market increased slightly, reaching 8650-8700 yuan / ton. The low spirits of the cargo holders turned to be weak. However, the downstream terminal gas buying did not change much, the delivery was not smooth, the focus of the market was not strong, and the trading volume needed to be improved. It is estimated that the domestic phenol market will be strong and the negotiation will be 8650-8700 yuan / ton.

On April 8, the reference price of sulfuric acid was 520.00, up 0.64% compared with that on April 1 (516.67). On April 9, the market of sulfuric acid in Shandong Province rose. The sulfur market in the upper reaches of Shandong Province was recently consolidated at a high level, and the cost support was good. However, the purchasing enthusiasm in the lower reaches was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid in the future fluctuated slightly.

On April 8, the salicylic acid commodity index was 86.11, which was the same as yesterday, decreased by 14.40% from the highest point of 100.60 (2011-09-19) in the cycle, and increased by 20.55% from the lowest point of 71.43 on March 29, 2016. (Note: period refers to the period from September 1, 2011 to now)

3、 Future forecast

Salicylic acid analysts of business news agency think: after the holiday, the salicylic acid market continues to be stable, and the price has no obvious change. At present, the supply and demand are relatively stable, and it is expected that the salicylic acid price will continue to be stable in the short term.