1、 Price trend
The price of aniline in Shandong was 4200-4280 yuan / ton on July 24 and 4300-4400 yuan / ton in East China.
2、 Analysis and comment
In terms of cost, this week, pure benzene was boosted by multiple positive, and the price rose slightly. The listing price on July 26 was 2980-3300 yuan / ton (average price was 3190 yuan / ton), and the average price was 50 yuan / ton higher than last week, or 1.59%. This week, Sinopec’s listed price of pure benzene increased by 50 yuan / ton to 3150 yuan / ton, with the bottom support slightly stronger. In addition, the strength of the external market led to the rise of the focus of the domestic market. However, the port inventory of pure benzene rose again this week, with the main port inventory of about 268000 tons. It is expected that the inventory will continue to increase in the later period.
The price of nitric acid rose this week. On July 22, the price in East China increased by 83.33 yuan / ton to 1533.33 yuan / ton, up 5.75% from last week.
The production and sales of aniline enterprises were balanced, and the overall price remained stable within the week. At the beginning of the week, the spot price in East China rose slightly due to the preparation of shipping goods, and fell back near the end of the week. In addition, the cost side of this week came good news, aniline Market has been a certain boost.
3、 Future expectations
In terms of cost, pure benzene port inventory remains high, downstream demand has not made a major breakthrough, supply pressure restricts the pure benzene market. It is expected that the price of pure benzene will continue to fluctuate in the range, but near the end of the month, the short filling sentiment is strong, and the pure benzene is expected to rise slightly next week.
It is estimated that the cost side may rise, but the increase is not large, and the aniline price is still stable as a whole.