I. price trend

Aniline prices in Shandong and Nanjing rose this week near the weekend, according to a large number of data from business agencies. The market price of aniline in Shandong is 7600-7800 yuan / ton, an increase of 2.63% compared with last week; the market price of aniline in Nanjing is 8200 yuan / ton, an increase of 2.5% compared with last week.

II. Analysis and comment

Raw materials: at the beginning of this week, the pure benzene market was affected by the forced air and the spot supply in East China was tight, with the price up. Near the end of the weekend, the shortage of replenishment ended, the market mentality turned to prudence, and the price weakened. This week, the listing price of pure benzene enterprises is 5000-5600 yuan / ton, which is basically the same as that of last week. This week, the raw material nitric acid in East China continued to decline, down 15.87%.

Product: this week, the restart of Jinmao aniline plant was delayed, and Huatai and Yangnong stopped for maintenance. Although this week’s cost surface is loose, there are many aniline enterprises in parking and maintenance, with low inventory and tight market supply, supporting high profits of aniline. Near the end of the week, Jinling is expected to reduce production, market supply will be further reduced, and the price of aniline will rise.

III. future expectation

Raw materials: the supply of coking industry is sufficient, and the impact of short-term low price still exists. The low profit level of downstream styrene, coupled with frequent problems in the plant, leads to demand or affected. It is expected that the weak trend of pure benzene will continue next week, but port inventory may limit the decline.

At present, the profit of aniline is on the high side, but the overall overhaul enterprises are more and the supply is tight.

It is expected that aniline will still run at a high level in the near future.