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    Home > Weekly Offers and Analyses for Chemicals (Apr 30, 2019)

    Weekly Offers and Analyses for Chemicals (Apr 30, 2019)

    Echemi 2019-04-30

    API 

    1. Vitamin C USD 2750/MT

    Northeast pharmaceutical prices continue to rise. Recent factory orders are sufficient, and the price reduction is less likely.

    2. Sodium erythorbate USD 2400/MT

    Three factories continued to increase the price during the exhibition. The factory inventory is tight, and the price continues to rise.

    3. Potassium sorbate USD 4000/MT

    The price is relatively stable. At present, it is a traditional off-season. The price is difficult to rise, and the short-term decline is not realistic. The factories offer quotation according to the actual order.

    4. Sodium benzoate USD 1180/MT

    Affected by the price declining of crude oil on last Friday, the market was flucturating. The factory price is stable this week, and the number of orders is satisfactory.

    5. Dextrose Anhydrous USD 610/ MT

    Recently, the price of domestic corn and the market are stable. The price of dextrose anhydrous declines slightly.

    6. Neomycin sulfate USD23/BOU

    The price of neomycin sulfate in Yichang Sanxia Pharmaceutical was lowered twice after the quotation was restored, and the price in Sichuan Long March Pharmaceutical was subsequently lowered. The market price continues to decline slowly and market demand decreases.

    7. Doxycycline hydrochloride USD 66.5/KGS

    Manufacturers have stopped production. The market is not flourishing.

    8. Oxytetracycline hydrochloride

    Manufacturers stop quoting.

    9. Tylosin tartrate USD 39/MT

    After the VIV Thailand, the price of tylosin tartrate and its derivatives (tylosin base, tylosin phosphate, tilmicosin phosphate, tilmicosin base, etc) rose in all aspects, and all three manufacturers raised their prices to fight against the scant domestic demand and price drop caused by African swine fever. Prices are based on 1mt or more, while bulk prices are relatively higher.

    10. Citric acid monohydrate USD 620/MT

    Production starts and the demand is relatively stable.

    11. Anhydrous citric acid USD 630/MT

    Production starts and the demand is relatively stable.

    12. Timicosin phosphate USD 43.85 KGS

    Large manufacturers are selling at low prices, and small and medium-sized factories are not profitable, and they have stopped offering. After VIV, all manufacturers negotiated to raise prices, but the pre-orders accumulated too much, resulting in lower inventory and tight supply. In addition, the Jiangsu chemical plant explosion caused the government to attach great importance to production safety, so most chemical companies have stopped production and supply are insufficient. The current price is high and stable.

    13. Colistin sulphate USD 12.65/KGS

    Domestic stocks increased, and the market price reduced.

    14. Tyramectin fumarate USD 34.25/KGS

    The domestic supplier's production capacity is constantly recovering, and each supplier is eager to divide the market of TAIRUI, and the price war continues. The market price is falling. Recently, the explosion of chemical plants in Jiangsu Province, China has caused some manufacturers to stop production. In addition, China carried out tax reforms in April. So the price is currently relatively stable.

     

    Inorganic Chemistry

    1. Titanium dioxide USD 2330/MT

    This week, the price of titanium dioxide remains stable after increasing. Its price has been increasing during these two months, so that one producer of titanium dioxide has predicted that the price will go up this month. Elastic demand may affect the demand of Q2, and there are risks in the off-season. In the short run, thep price of titanium dioxide may continue to go up, but the actual transation price differs.

    2. Phosphoric acid USD 900/MT

    At present, the price is stable, but the demand of downstream can't be ignored.

    3. Sodium hydroxide USD 580/MT

    Over the past week, manufacturers have closed the market continuously. The market speculation has been significantly enhanced, and the recent market price is rapidly rising.


    Organic Chemistry

    1. TDI 

    The domestic TDI market is stagnant. The business outlook is poor, and the merchants are in low spirit. In the first half of the week, the market maintained its  previous trend. After that, the manufacturers concentrated on releasing good news. The business mentality was good, the offer was widened, the inquiry atmosphere was warming up, and the factory inventory was not under pressure. It is expected that the short-term market will still go up. 

    2. Ethyl acetate USD 1000/MT

    Due to the accident in Jiangsu, most enterprises have been restricted in production and stopped working. The price of acetate products will continue to rise.

    3. Phthalic anhydride USD 950/MT

    Starting this week, the downstream market began to gain profits. With the peak season approaching, orders from factories were in good demand, and the supply was tight. Later, the market will be still flourish.

    4. Adipic acid USD 1230/MT

    This month, manufacturers' listed prices are various, so that some operators expect support. Due to weak domestic demand and relatively limited imports, the pure benzene market is expected to negotiate a steady small decline this week. Jiangsu explosion incident affected downstream construction, so the downstream factories are hesitated to enter the market. This week adipic acid export price is similar to those in the domestic market, waiting for this month's settlement of the news guidelines. Upstream pure benzene market performance this week, local hydrodesulfurization prices continue to reverse. But because of weak domestic demand and relatively limited imports, the price constraints are not strong. Sinopec Pure benzene listed prices hold steady. Next week, part of the benzene hydrogenation plant stopping production will restart. 


    Biochemical Engineering 

    1. Sucralose USD 38.5/KGS

    The price is stable this week, close to the lowest point.

    2. Maltodextrin USD 540/MT

    The price of somestic corn is mostly stable this week. The overall inventory is stable. It was expected that the market would be stable in the short term.

    3. Dextrose monohydrate USD 395/MT

    Recently, the price of domestic corn and the market are stable, and will continue to be stable in the short run. The price of dextrose monohydrate declines slightly. 


    Food Additives 

    1. Taurine USD 2650/MT

    The price is still at the bottom this week, but production volume at several firms is flucturating so the price could rise at any time.

    2. APM USD 10700/MT

    Environmental protection is carried out, and the delivery time is relatively long. The price is rising steadily. The peak season requires goods to be arranged in advance.


    Chemical Reagents

    Acesulfame Potassium USD 7700/KGS

    At present, there are still only two production plants in China. The price is relatively stable and due to environmental pressure, the price will increase slightly recently. We still have 10 tons of inventory.

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