Price Trend
Aniline market prices in Shandong and Nanjing remained stable this week compared with last week, according to a large list of business associations. The mainstream price in Shandong is 5700 yuan/ton, while that in Jiangsu is 6050 yuan/ton.
| Gamma Polyglutamic Acid |
II. Analytical Review
Raw Material: This week, pure benzene is well supported by downstream styrene. At the beginning of this week, all pure benzene enterprises have raised their prices. Towards the weekend, the mentality of the pure benzene market has fallen, but the factory is still dominated by a high price mentality, and the low price supply is difficult to find. And pure benzene has long been in the inverted state of internal and external chains, and the overall price of aniline forms a support.
Products: Shandong Jinmao 100,000 tons/year aniline plant has been overhauled since the beginning of June with a planned overhaul of one month; Nanhua 100,000 tons/year plant overhaul in early June; Shandong Dongying Huatai 100,000 tons/year plant half-load operation; Lanhua 70,000 tons/year plant overhaul; Taixing Xinpu 100,000 tons/year plant permanent shutdown.
| Gamma Polyglutamic acid food grade |
Downstream: This week, the overall MDI is on the rise, up 1.45%, supporting the price of aniline.
III. Future Market Expectations
The price of raw material pure benzene will support the price of aniline because of the significant cost-surface pressure.
In June, aniline production enterprises had more overhauls, less supply and tight supply. It is expected to recover somewhat in late June.
Aniline market has warmed up, downstream enterprises resume production, relevant rubber additives, reactive dyes companies will increase the purchase of aniline.
| Gamma Polyglutamic acid Gamma PGA |
Aniline is expected to rebound in the future, the market will usher in a wave of increasing