Weekly Prices and Analyses for Chemicals (September 24, 2019)

API

1. Tylosin Tartrate $29/KGS

At present, the market price is falling, and manufacturers are competing with each other. But it is possible that the price in September will rise with the arrival of the peak season.

2. Oxytetracycline Hydrochloride $22.5/KGS

Manufacturers stop production and quoting.

3. Sodium Benzoate $1120/MT

Sodium Benzoate: the upstream benzoic acid factory stopped reporting, the price fluctuated greatly, and now the southern factory Wuhan Organic, Jiangsu SF Feng stopped to wait and see the state; only Shandong Tongtai and Tenglong are giving quotation. First, please quote according to Qingdao price.

4. Potassium Sorbate $4000/MT

Due to the military parade on October, the raw material crotonaldehyde stopped production, and the market supply is tight. In addition, the factory's cargo scheduling plan is tight. The centralized purchase period of foreign customers will ensure that the goods arrive before Christmas.

5. Citric Acid Monohydratev $550/MT

Domestic prices are relatively stable, but the US dollar price for exports has fallen due to exchange rate fluctuations. It is expected that the market will remain stable in the near future.

6. Vitamin C $2700/MT

Recently, the price of vitamin C is chaotic, and the feedback price is uneven. The actual factory inventory is tight.

7. Paracetamol $3.5/KGS

As the price of upstream raw materials rises, the price of API products increases. We can provide products from Luan and Bofa.

8. EDTA $1800/MT

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

9. Tilmicosin Phosphate $33.9/KGS

After VIV, all manufacturers of tilmicosin phosphate have raised their prices. In the next month, the price may rise slightly.

10. Erythromycin Thiocyanate $43.7/KGS

The price is falling.

11. Tiamulin Fumarate $29.25/KGS

After VIV, the producer of tiamulin will soon be restricted by the government, but the market demand for tiamulin is not good, so the price may remain stable.

12. Sulphadimidine Sodium $13/KGS

13. Gentamicin Sulfate $116/BOU

Biochemical Engineering

1. Dextrose Monohydrate $405/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.

2. Sucralose $25/KGS

3. Xanthan Gum $1850/MT

The recent price of xanthan gum is relatively stable, but the delivery time of new order from Fufeng is more intense, which will be more than 1 month. The order quantity of August has been reduced, and it is expected that the delivery period may be improved, and the price shall be kept stable later.

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.

5. Maltodextrin $488/MT

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

Food Additives

1. Taurine $2200/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. ASPARTAME $10450/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.

Organic Chemistry

1. EDTA-2Na $1450/MT

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

2. Tetra Sodium Edta $1350/MT

Product price is stable and supply is normal.

3. Adipic Acid $1150/MT

This week, the domestic adipic acid market tended to be stable after a narrow upward trend. Two major oil installations in Saudi Arabia and the United States were attacked by UAVs. Global supply declined sharply, crude oil prices rose sharply at the beginning, and the pure benzene market rose. Sinopec raised the listing price of pure benzene, and Liaoyang Petrochemical raised the listing price of adipic acid. Near the end of the month, the settlement price of the manufacturer was announced. The offer of the manufacturer was firm. However, the price of crude oil continued to fall after the rise, and the price of pure benzene was lower under the influence of its market, which inhibited the price increase of adipic acid. Some producers are hoarding goods before the National Day on Oct 1, and the market needs to wait and see the factories' settlement news this month.

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.