Weekly Prices and Analyses for Chemicals (October 22, 2019)

 API

1. Tylosin Tartrate $27.5/KGS

After Qingdao VIV and Nanchang API exhibitions, Shandong Lukang, Ningxia Taiyixin and Qilu Pharmaceutical Co., Ltd. adjusted their prices one after another. The actual transaction price can be negotiated with a single inquiry.

2. EDTA $1800/MT

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

3. Oxytetracycline Hydrochloride $22/KGS

Price is relatively stable, and according to the manufacturer price division, the price range is obvious.

4. Neomycin Sulfate

The product quotation is stable. The arrival of the peak season will make the price rise slowly.

5. Potassium Sorbate $4000/MT

Factories started construction this week, and the exchange rate fell. Kunda delivery period has been scheduled to end of December. Since October is the traditional peak season, foreign customers concentrated procurement period to ensure that goods arrive before Christmas.

6. Sodium Benzoate $1050/MT

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.

7. Vitamin C $2700/MT

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

8. Citric Acid Monohydrate $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.

9. 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.

10. Sulphadimidine Sodium $13/KGS

Biochemical Engineering

1. 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.

2. Sucralose $25/KGS

3. 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.

4. 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.

Food Additives

1. 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.

2. 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.

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 $1130/MT

Since the transportation restriction during the National Day has been lift, stockpiling and limited support from the raw material end. There is a low demand in downstream and market participants mostly hold a wait-and-see attitude. It is expected that the Adipic Acid market will be reorganized and operated in the future.

Inorganic Chemistry

Phosphoric Acid $950/MT

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.