Weekly Offers and Analyses for Chemicals (Jun 25, 2019)

API

1. Citric Acid Monohydrate $550/MT

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

2. Sodium Benzoate $1100/MT

The price of crude oil is rising and the price of raw material toluene is adjusted to ¥100-200. The price of sodium benzene is adjustable for the factory. 

3. Doxycycline Hyclate 

Manufacturers stop production and quoting. The demand is insuffient.

4. 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.

5. Oxytetracycline Hydrochloride $22.61/KGS

Manufacturers stop production and quoting.

6. Tylosin Tartrate $33/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.

7. Gentamycin Sulfate $122/BOU

Organic Chemistry

1. Adipic Acid $1050/MT

On the supply side, Liaohua's supply has been reduced; rumors are that Xinjiang's inventory and overhaul plan has been reduced this month. Market supply has decreased compared with the previous period, but it has not effectively boosted the mindset of market participants. The downstream demand is sluggish. Individual manufacturers announced this month's listing and manufacturers have strong market intentions. The mentality of manufacturers is different so the Adipic Acid market is hard to find a good support at present.

2. Ethyl ACETATE

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. Butyl Acetate $995/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

Caustic Soda $550/MT

The previous price of caustic soda hit the bottom, but the current price rebounds slightly due to increased factory orders and the cost of liquid chlorine.

Food Additives

1. Aspartame $550/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 $2450/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.

Biochemical Engineering

1. 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.

2. Sucralose $27.5/KGS

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

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.

Flavors and Fragrances

N-Propyl Acetate $1110/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.