1、 Price trend
According to the price monitoring of business association, on March 12, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14466.67 yuan / ton, which was the same as that at the beginning of the week, with a month on month increase of 3.83% and a year-on-year decrease of 5.65%.
2、 Market analysis
This week, the price of salicylic acid was stable, stable and strong. Strong cost support, salicylic acid manufacturers maintain a high price operation, stable downstream demand, active procurement, good market trading atmosphere, high start-up, stable price delivery, and peace of mind. As of March 12, the quotations of salicylic acid industrial grade enterprises were mostly in the range of 13000-15000 yuan / ton, pharmaceutical grade enterprises were mostly in the range of 23000-25600 yuan / ton, the quotations were stable, and sublimation grade enterprises were mostly in the range of 15000-20000 yuan / ton, the quotations were stable.
In terms of raw materials, the domestic phenol market fluctuated limited and went down in a narrow range over the weekend. On the supply side, the operation rate of phenol ketone plant was stable, and the port inventory increased. However, on the whole, the pressure on the supply side was not great, and the stock of cargo holders pushed up. At present, the whole chemical market is seriously speculation, the price is high, there is no lack of resistance in the downstream, the center of gravity is narrow, and the trading is poor. The Business Association expects the domestic phenol Market to be volatile and wait-and-see, and the price reference of phenol Market in East China is expected to be 8750-8900 yuan / ton.
On March 12, 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 believe that: strong cost support, stable downstream demand, good market trading atmosphere, calm mentality of manufacturers, and the short-term market is expected to maintain stable operation.
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