Price Trend

According to the data of business associations, the market price of aniline in Nanjing rose 50 yuan/ton this week, 0.77% higher than last week, while that in Shandong fell 230 yuan/ton, or 3.8% lower than last week. The mainstream price in Shandong is 5800 yuan/ton, while that in Nanjing is 6500 yuan/ton.

II. Analytical Review

Raw Material: Domestic pure benzene (except Sinopec) has fallen this week. At the beginning of the week, the situation continued over the weekend. Last week, the price of pure benzene in the external market continued to fall, which hit the bullish mentality of market participants, and the domestic market lacked the driving force for speculation. The downstream products of pure benzene have a general market situation and strong resistance to high-price pure benzene. Pure benzene prices continued to fall this week, basically back to the beginning of the month, affected by the domestic pure benzene has followed the decline.

Product: Aniline prices in Nanjing increased by 50 yuan/ton earlier this week due to cost pressures. In the latter period, the price of pure benzene weakened, aniline lost cost support, and downstream demand was general. The price of aniline in Shandong fell.

Downstream: This week’s downstream MDI market is better, up 2.83% from last week, which has some support for the price of aniline.

III. Future Market Expectations

At present, the price of pure benzene inside and outside is basically the same, and the price of pure benzene in Sinopec is still at a high level. It is expected that there will be a downward trend in the later period. Although the price of pure benzene may continue to decline, the cost-surface pressure of aniline still exists, and the price fluctuation will not be too large.

Aniline is expected to run steadily or weakly next week.