Weekly Offers and Analyses for Chemicals (May 22, 2019)

API

1. Timicosin Phosphate $42.15/KG

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.

2. Potassium Sorbate $4000/MT

The price of potassium sorbate is relatively stable compared to that of the previous week. At present, it is a traditional off-season. The price is not likely to rise but will not decline in the short term. The factories are quoted according to every order.

3. Citric Acid Monohydrate $620/MT

Production starts and the demand is relatively stable. Prices have decreased.

4. Anhydrous Citric Acid $730/MT

Production starts and the demand is relatively stable.

5. Sodium Benzoate $1120/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.

6. Vitamin C $2650/MT

Northeast pharmaceutical prices continue to rise. The price has not increased, nor has it lowered. Recent factory orders are sufficient, and the price reduction is less likely. Operation will remain smooth before the API exhibition.

7. Paracetamol $3.7/KGS

The price advantage is obvious, and the product quality is excellent. Spot goods are guaranteed after the order being confirmed.The manufacturer is Tianjin Bofa.

8. Dextrose Anhydrous $610/MT

Recently, the price of domestic corn and the market are stable. The price of dextrose anhydrous declines slightly. FOB Qingdao Port: 610 USD/ MT.

9. Doxycycline Hyclate $62/KGS

Manufacturers have stopped production. The market is not flourishing.

10. Colistin Sulphate $12.4/KGS 

Domestic stocks increased, and the market price reduced.

11. Neomycin Sulfate $21/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.

12. Oxytetracycline Hydrochloride $25/KGS 

Manufacturers stop production and quoting.

13. Tylosin Tartrate $36/KGS

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.

14. Tyramectin Fumarate $33/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.

15. Gentamycin Sulfate $123/BOU

16. Sodium Erythorbate $2300/MT

Biochemical Engineering

1. Xanthan Gum $1850/MT

During FIC, xanthan gum factories promoted sales, but after the exhibition, the price has returned to the previous. At present, Fufeng's price of 80 meshes is FOB Qingdao 2100 US dollars, 200 meshes is FOB Qingdao 2200 US dollars; Meihua's food grade of 80 meshes is FOB Qingdao 1800 US dollars, the grade of 200 meshes is FOB Qingdao 2100 US dollars.

2. Maltodextrin $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.The reference price was FOB Dalian Port 540 USD/ MT.

3. Sucralose $38.5/KGS

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

4. Dextrose Monohydrate $395/KGS

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. FOB Dalian Port: 395 USD/ MT

5. Carboxymethyl Cellulose $2320/MT 

At present, the prices of raw wood pulp and refined cotton are relatively stable, and the pressure of environmental protection has led to the shutdown of small factories, but most of the CMC enterprises have reached the standard, and the price is temporarily stable. At present, Anqiu Eagle 1000 viscosity FOB Qingdao 2320, each 1000 viscosity increase price increases by 50-80 US dollars.

Organic Chemistry 

1. Pentaerythritol $1500/MT 

The market supply remains the same and the price is stable.

2. Butyl ACETATE $1150/MT 

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

3. Adipic Acid $1180/MT 

Overhaul of adipic acid production enterprises has increased, ranging from 10 days to 3 months. The supply of adipic acid will be reduced, while downstream demand will not change much. Prices are expected to be stable this week.

4. Ethyl Acetate $1000/MT 

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

Inorganic Chemistry

1. Caustic Soda $590/MT 

As chlor-alkali enterprises restart production, the downstream demand is stable. Manufacturers and traders continued to anticipate an increase in price. It is expected that the price of caustic soda will continue to rise.

2. Phosphoric Acid $900/MT 

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

Food Additives 

1. ASPARTAME $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.

2. Taurine $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.

Flavors and Fragrances

N-Propyl Acetate $1200/MT 

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

Chemical Reagents

Acesulfame Potassium $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.