Propylene collapsed across regions between mid-May and mid-June 2026, while downstream acrylic staple fibre prices remained rangebound, indicating producers are absorbing the feedstock cost relief as margin recovery. If propylene weakness persists, further softening in acrylonitrile and ASF markets could follow.
Salicylaldehyde (2-hydroxybenzaldehyde) is an aromatic aldehyde produced mainly via the Reimer Tiemann reaction, combining phenol and chloroform in the presence of sodium or potassium hydroxide. As an intermediate across pharmaceuticals, flavours and fragrances, agrochemicals, dyes, and organic synthesis, including coumarin and saligenin production, its price path is tethered to upstream phenol and chloroform conditions.
In H1 2026, salicylaldehyde trended moderately firm after the oscillating dynamics of the prior year. Phenol supply remained structurally tight in key producing regions as capacity rationalisation in Europe weighed on availability and lifted landed costs for downstream processors. Chloroform supply was more balanced, though elevated freight rates kept procurement costs uncomfortable. In Asia, particularly China and India, production stayed active on robust pharmaceutical demand for anti inflammatory and analgesic synthesis; Chinese producers held competitive volumes through Q1, while tighter phenol availability supported offers. In Q2, agrochemical end users across South and Southeast Asia added incremental support, sustaining a firm to stable environment. European buyers navigated elevated energy costs and constrained domestic phenol, with Asian imports offering partial relief amid trade policy and currency uncertainty. In North America, tariff considerations from 2025 persisted, with pharmaceutical and fragrance buyers prioritising domestic supply while flavours and fragrances demand provided a floor.
Analyst Insight
According to Procurement Resource, salicylaldehyde prices should stay cautiously firm through H2 2026, with phenol feedstock costs the primary driver.
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Asia
During the first half of 2025, salicylaldehyde prices in Asia showed mild upward movement, primarily driven by rising feedstock costs. The regional benzene market experienced a price increase in early February, impacting the cost structure of downstream products like salicylaldehyde.
Tighter phenol supply used in its synthesis also added to cost pressures, especially as European producers faced disruptions. Despite this, oversupply and soft downstream demand in broader chemical markets kept the price increase in check. Demand from pharmaceuticals and agrochemicals held relatively stable, particularly in China and India, supporting modest price resilience. However, competitive pressure from lower-cost producers kept margins narrow.
Europe
European salicylaldehyde prices remained largely unstable throughout H1’25. Phenol market volatility, coupled with high energy costs and carbon tax implications, led to production constraints. Plant closures including announcements like Ineos shutting its phenol unit in Gladbeck tightened phenol availability, indirectly raising salicylaldehyde production costs.
Despite some short-lived price rebounds in February due to higher benzene prices, the market was weighed down by weak construction sector demand and chemical overcapacity. The resulting cost-push inflation in the upstream was not always matched by downstream demand, causing inconsistent pricing and margin pressure.
North America
In North America, salicylaldehyde prices showed greater stability. Tariff-related developments created market uncertainty, particularly regarding imports of fragrance and pharmaceutical components, yet domestic production managed to balance supply-demand conditions.
The pharmaceutical sector’s steady demand for intermediates like salicylaldehyde, combined with firm chloroform market conditions and stable methanol supply, helped avoid sharp price swings. However, concerns over broader tariff implications and global market shifts kept sentiment cautious.
Salicylaldehyde is known as a hydroxybenzaldehyde that is composed of a hydroxy substituent at position 2. It is an organic compound that appears as a colourless or a pale-yellow liquid. It plays a role as a nematicide and a plant metabolite. Further, it has bitter almond scent with burned flavour. It shows slight solubility in water while it is soluble in ethyl alcohol and diethyl ether.
C7H6O2
Intermediates, Spice, Gasoline additive, Organic synthesis, Production of Coumarin, Analytical chemistry, Dye and perfumery, Flavouring, Saligenin synthesis, Salicylaldoxime synthesis
2-Hydroxybenzaldehyde, o-Hydroxybenzaldehyde
Guannan East Chemical Co., Ltd, Hubei Xiansheng Biotechnology Co., Ltd. , Zhangjiagang Feihang Industry Co., Ltd., Lianyungang Hengshun Chemical Co., Ltd.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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In the Reimer–Tiemann reaction, Salicylaldehyde is produced from phenol and chloroform. In this reaction, phenol and chloroform are heated along with sodium hydroxide or potassium hydroxide, which finally produces Salicylaldehyde.
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