China's 98% smelting sulfuric acid price eased over the week as spot trading weakened and recovering supply added pressure. Elevated sulfur and metal ore costs provided partial support, but the market faces further downside as lower-priced regional supplies increase competitive pressure.
Copper smelters are relying on by-product sulfuric acid revenues to offset losses from negative concentrate treatment charges. Strong acid prices are supporting smelter profitability, with prices remaining elevated. The trend underscores the key role of sulfuric acid in smelter economics and suggests continued price strength.
Methyl salicylate prices were observed to be fluctuating continuously during the second half of the year 2023. Methyl salicylate often closely observes the market behavior of its feedstock materials, methanol and salicylic acid, and this time around, too, the prices were found to be in close alliance with the raw material costs.
The beginning of quarter three was humble as the inventories were still stocked with excess products, which forced suppliers to cut down the prices in order to promote product movement in the market. However, as the stocks started depleting, the price graph started rising again. This situation went on for some time till the middle of the fourth quarter. After that, the global trade depreciation started affecting all industries, and the lackluster demand in the international market again pushed down the methyl salicylate prices. Overall, mixed market sentiments were witnessed.
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Methyl Salicylate is a chemical compound extensively used in food, pharma, chemical, and hygiene sectors. So, the downstream demands from these industries influence the market trend for Methyl Salicylate substantially. Methyl Salicylate is produced using methanol and salicylic acid, so the price trend of these feedstock chemicals also determine the Methyl Salicylate price trend.
In the discussed period, the Methyl Salicylate market experienced mixed price trend as the market started strong at the beginning of H1 2023 because of fresh demands from the consuming sectors. But gradually, by the middle of Q2, the prices moved southward as the inventories had leveled up by that time.
Methyl Salicylate, better known as the oil of wintergreen or wintergreen oil, is an organic ester that is naturally produced by several species of plants, particularly wintergreens. It is a viscous colourless liquid releasing sweet fruity odour reminiscent of root beer. It has minty taste and aroma and thus, it is often used to prepare mint candies. It can be produced synthetically and is utilised as a flavouring and fragrance ingredient in foods, beverages, and many other products.
C8H8O3 or C6H4(OH)(CO2CH3)
Odour agents, Flavouring ingredient , Plasticisers , Antiseptic , Home and personal care products, Food and beverages, Insecticides and pesticides , Solvent for inks
Methyl 2-hydroxybenzoate, Oil of Wintergreen, Betula Oil
Berjé Inc, Fleurchem, Inc. , Seqens SAS, Mollhausen S.A.S, Zhenjiang Gaopeng Pharmaceutical Co. Ltd.
CurrencyUS$ (Data can also be provided in local currency)
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In order to produce Methyl Salicylate, the process of esterification is utilised. In this process, salicylic acid and methanol are esterified to produce Methyl Salicylate as the result.
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This report presents a detailed cost analysis of methyl acrylate production from methyl lactate using the pyrolysis process.
This report presents a detailed cost analysis of methyl acrylate production from methyl 2,3-dibromopropanoate using debromination.
This report presents a detailed cost analysis of 2-hydroxybenzoic acid production from aspirin or methyl salicylate using hydrolysis.
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