1、 Price trend
|Gamma Polyglutamic Acid|
According to the price monitoring of the business association, on May 28, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14666.67 yuan / ton, which was the same as that at the beginning of the week, up 1.15% on a month on month basis, and the price was the same as that at the same period last year. On June 3, the salicylic acid commodity index was 87.30, flat with yesterday, down 13.22% from the cycle’s highest point of 100.60 (2011-09-19), and up 22.22% from the lowest point of 71.43 on March 29, 2016（ Note: period refers to the period from September 1, 2011 to now
2、 Market analysis
This week, the market of salicylic acid was stable, and the quotation of enterprises was maintained in the early stage. There was no obvious fluctuation of salicylic acid at all levels, and the market was relatively stable. The market of raw material phenol tends to stabilize, and the starting load of some downstream areas declines slightly due to the power restriction policy, but the impact is not big. The export expectation is weak, and the new orders are generally closed, so the firm offer is open to discussion. As of June 4, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14666.67 yuan / ton. The quotation of industrial grade enterprises was mostly in the range of 13500-15500 yuan / ton, the quotation of pharmaceutical grade enterprises was mostly in the range of 23000-26000 yuan / ton, and the quotation of sublimation grade enterprises was mostly in the range of 17100-20000 yuan / ton.
In terms of raw materials, the domestic phenol market was narrow and the negotiation atmosphere was weak. The overall offer was steadily promoted. However, the terminal gas purchase was not high, and just needed to follow up. The transaction was flat. The business community expected that the domestic phenol market would steadily advance today, and the market negotiation was expected to be 9300-9400 yuan / ton. It is expected that the domestic phenol market will advance steadily.
3、 Future forecast
Salicylic acid analysts of business news agency think: salicylic acid market continues to be stable this week, most enterprises are stable in price, offer has no obvious change, salicylic acid market is expected to continue to advance steadily in the short term.