1、 Price trend

According to the price monitoring of the business agency, on January 25, the average price of salicylic acid (industrial grade) mainstream manufacturers was 17000 yuan / ton, an increase of 0.99% over the beginning of the month and 22.01% over the same period last year.

2、 Market analysis

The salicylic acid market rose slightly in January, with an increase of about 1%. After returning from the holiday, the logistics gradually recovered, and the downstream had a strong mood of hoarding goods before the Spring Festival, with positive purchase and good market trading atmosphere. In addition, the strong rise of raw material phenol and the rise of salicylic acid price. In the middle of the year, after the early rise, salicylic acid enterprises mostly focused on stability and wait-and-see, and basically did not make a significant price adjustment. Near the end of the month, the downstream demand is strong, and actively cover positions. In particular, the shipment of industrial salicylic acid is good, the enterprise sales are basically pressureless, the mentality is good, and the price runs stably. By the end of the month, according to the data of business agency, the quotation of domestic salicylic acid industrial enterprises was mostly in the range of 14000-19000 yuan / ton, the quotation of pharmaceutical grade was mostly in the range of 24000-27000 yuan / ton, and the quotation of sublimation grade was mostly in the range of 20000-23000 yuan / ton.

According to the monthly rise and fall from January 1, 2021 to December 30, 2021, the salicylic acid market generally showed an upward trend in 2021. From the above figure, it can be seen that salicylic acid was rising or slightly rising in seven months and falling or stable in other months. Among them, the rise and fall in October was the largest, the highest point of the whole year was December, the average price was 16833.33 yuan / ton, and the lowest point of the whole year was January 5, The average price is 13933.33 yuan / ton. In 2022, salicylic acid still showed an upward trend in January.

In terms of raw materials, the domestic phenol Market maintained a steady progress after a narrow upward trend during the week. According to the monitoring data of business agency, the average offer of domestic phenol market was 10937 yuan / ton on January 17, and reached 11175 yuan / ton by the end of 24, with an upward trend of 2.17% during the week. So far, the offer in East China market is about 11150 yuan / ton, that in South China is 11100 yuan / ton, and that in North China and surrounding areas of Shandong is 11200-11300 yuan / ton

3、 Future forecast

According to the salicylic acid analyst of business agency, the market of salicylic acid in January was better, and the price rose steadily with the support of both cost and demand. At present, most of the downstream factories have holidays and the transportation capacity is limited. It is expected that the salicylic acid market will operate smoothly in the near future.