1、 Price trend

According to the price monitoring of the business association, on June 25, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14250 yuan / ton, which was the same as that at the beginning of the week, with a month on month decrease of 2.84% and a year-on-year decrease of 2.84%. On June 24, the salicylic acid commodity index was 84.82, which was the same as yesterday. Compared with the highest point of 100.60 in the cycle (2011-09-19), it decreased by 15.69%, and increased by 18.75% compared with 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 salicylic acid market continued to be weak and stable, the enterprise quotation remained basically unchanged, the raw material phenol was frozen in finishing, the cost support was acceptable, and the carrier had no intention to lower the price. Due to the changes in the international situation, the export has weakened, the domestic market is relatively stable, the delivery of salicylic acid downstream products has slightly weakened, but the impact is limited, and the enterprises are under little pressure to sell with production. As of June 25, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14250 yuan / ton. The quotation of industrial grade enterprises was mostly in the range of 13000-15500 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 17200-20000 yuan / ton. There was little change in salicylic acid of each grade.

In terms of raw materials, the domestic phenol market was in a volatile operation, with a slight stalemate in the market, little change in the fundamentals, weak negotiation atmosphere in the market, low intention of goods holders, and low price stability. However, the terminal factory’s replenishment mood was not good, the gas buying was not high, and just needed to follow up. The trading was flat. The business community expected the domestic phenol Market to be weak.

3、 Future forecast

Salicylic acid analysts of business news agency think: at present, the demand has weakened, the intention of raw material phenol is not strong, the cost support is still in, salicylic acid enterprises produce and sell with little pressure on shipment, and it is expected that the salicylic acid market will continue to be stable in the short term.