Price trend

According to the Commodity Market Analysis System of Shengyishe, as of March 6th, the average market price of phenylenediamine was 36166 yuan/ton, which is unchanged from last week.

In terms of cost

Recently, pure benzene has been experiencing consecutive days of poor shipments and a decrease in price.

The nitric acid market is mostly dominated by inquiries after the holiday, with prices continuing to decline and insufficient support for phenylenediamine in the cost side.

In terms of demand

The downstream operating rate has increased, and after the holiday, we will resume work and replenish goods as needed. The demand for customers to purchase dyes, pesticide intermediates, and other products has not significantly improved.

Future Market Forecast

Overall, upstream pure benzene saw weak consolidation and nitric acid prices continued to decline. Downstream urgent replenishment, industry insiders are mostly wait-and-see, market transactions are weak, and the stable operation of meta phenylenediamine in the later stage is the main focus.