Weekly Offers and Analyses for Chemicals (July 3, 2019)

API

1. Ivermectin $162/KGS

The price is stable.

2. Telmycin 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.

3. Ascorbic Acid $2700/MT

The price of vitamin C continued to rise this week, and the product was in great demand. The price will continue to rise in the short term.

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 $22.77/KGS

Manufacturers stop production and quoting.

6. Tylosin Tartrate $32/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. 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.

8. 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. 

9. Colistin Sulphate $12.2/KGS

The production is stable and supply shortage eases. Now the price is stable but is predicted to decline slowly in the future.

10. Tilmicosin Phosphate $41.25/KGS

Market demand is low and the price is falling.

11. Ethylenediaminetetraacetic Acid (EDTA) $1980/MT

Market price is stable, and supply and demand are stable.

12. 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.

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. 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. EDTA-2Na $1650/MT

Market price is stable, and supply and demand are stable.

2. Tetra Sodium Edta $1250/MT

The price is stable and supply is stable.

3. Pentaerythritol $1500/MT

The price and supply are stable.

4. 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.

5. Adipic Acid $1080/MT

Sinopec's benzene price increases by 100 CNY/ton, and continue to have a stronger trend. In addition, several factories plan to reduce supply in July. The domestic price of diacid acid decreases and traders have more intention to speculate. The market is expected to strengthen in the short term.

Inorganic Chemistry

Phosphoric Acid $820/MT

The demand for products is increased and the supply is stable.

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.