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

API

1. 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.

2. Oxytetracycline Hydrochloride $22.22/KGS

Manufacturers stop production and quoting.

3. 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.

4. Paracetamol $3.5/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.

5. Potassium Sorbate $4000/MT

This week, Shandong Kunda, Ningbo Wanglong, Shandong Jinneng, and the South Factory stopped production for maintenance, so the factory inventory is insufficient and the price increased slightly.

6. 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. 

7. Vitamin C $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.

8. EDTA $1920/MT

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

9. Citric Acid Monohydrate $550/MT

Several factories have plans for repair in July, and supply will be reduced. At present, the factory is in a loss-making state, and the price has reached the bottom. For customers who have demand, now is a good time to purchase.

Organic Chemistry 

1. Adipic Acid $1150/MT

Domestic pure benzene prices continued to rise, but the increase slowed down. Stimulated by the good news, manufacturers collectively raised the listing price this month. However, due to the lack of downstream demand and the resistance to high prices in the market, the market price remains deadlocked.

2. EDTA-2Na $1620/MT

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

3. Tetra Sodium Edta $1620/MT

Product price is stable and supply is normal.

4. Pentaerythritol $1500/MT

Market supply is normal, and price is stable.

Inorganic Chemistry 

Caustic Soda $550/MT

Over the weekend, the price trend of domestic flake alkali market is mostly stable, and some enterprises' overhaul stimulates downstream purchasing enthusiasm to a certain extent. However, at present, the demand is insufficient. It is expected that the stable pattern of flake alkali market will be impacted to a certain extent, and the range of price change is limited.

Biochemical Engineering

1. Maltodextrin $515/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 515 USD/ MT.

2. Dextrose Monohydrate $415/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. FOB Dalian Port: 415 USD/ MT

3. 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.

4. 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.

5. Sucralose $27.3/KGS

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

Food Additives

1. ASPARTAME $10600/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 $2230/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.

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.