1、 Price trend
According to the data of the business club’s large scale list, the price of aniline in Shandong this week decreased by 100 yuan / ton, and the market price of aniline in Shandong on Friday was 6200 yuan / ton, down by 1.59% compared with 6300 yuan / ton last Friday; the market price of aniline in Nanjing was 6700 yuan / ton, stable compared with last Friday.
2、 Analysis and comment
Raw materials: this week, the price of pure benzene will be 5500-5950 yuan / ton on Friday. This week’s pure benzene port inventory is down slightly from last week. Affected by the situation in the Middle East at the beginning of the week, oil prices soared, driving the price of pure benzene up in the external market and the domestic market. However, in the later period, the oil price plummeted and the support surface weakened. In addition, the downstream trading has been light and the profit is insufficient, so the market fell back.
The upstream nitric acid has been stable since mid December of last year, which has little effect on aniline.
Product: aniline market continues to be depressed, and the enthusiasm of downstream procurement is not high. Last weekend, Jinmao plant shutdown brought insufficient positive support, and some enterprises still have high inventory, bidding for shipment.
3、 Future expectation
Raw materials: the stock up before the year is basically over, near the Spring Festival, with heavy snow in the north and limited transportation, it is difficult for Northern resources to enter East China for arbitrage, and East China’s supply may remain at the current level. Styrene is expected to arrive more next week, and inventory will continue to rise. Downstream terminal digestion pressure, receiving intention is weak, market bearish mood spread. Downstream market will continue to limit the recovery of pure benzene market. It is expected that the price of pure benzene will continue to consolidate in the next week.
Aniline is in the theoretical production loss, but downstream demand still limits the aniline Market, which is expected to operate weakly and stably next week.