1、 Price trend

According to the bulk list data of business cooperatives, aniline rose continuously after the festival, with an obvious upward trend. On September 30, the average price of aniline market was 12500 yuan/ton, and on October 11, the average price was 13750 yuan/ton, 10% higher than that before the festival and 10.29% higher than that of the same period last year.

2、 Analysis and review

On the cost side, pure benzene: Due to the strong rise of crude oil during the festival and the rise of pure benzene in Asia, the domestic pure benzene market has been boosted. During the National Day holiday, the market in East China was closed, and the local refining enterprises in Shandong had a good shipment and prices rose. After the festival, Sinopec raised the listing price of pure benzene twice, up 350 yuan/ton to 8200 yuan/ton (some refineries in North China increased to 8250 yuan/ton).

Nitric acid: During the festival, the domestic nitric acid market was generally sold. The price was 2333 yuan/ton on September 30, and 2333 yuan/ton on October 11. The price was flat before the festival, down 30.49% compared with the same period last year.

Supported by the rise in raw materials and strong demand for downstream additives, aniline returned to the market for a continuous rise after the festival. Although Jiangsu Yangnong overhaul plant was restarted before the festival, the supply increment was small, and the continued supply of aniline was tight.

3、 Future market expectation

After the festival, the 260000 t/a aniline plant in Shanxi Tianji is scheduled to be shut down for maintenance in the middle of this month. At that time, some MDI contracts may be outsourced, and the supply will be further tightened. On the whole, aniline may continue to rise in the short term.