1、 Price trend

According to the data of business news agency’s block list, the price of aniline rose again this week. On February 28, the price of aniline was 10700-10800 yuan / ton in Shandong and 10700 yuan / ton in Nanjing. On March 7, the price of aniline was 11200-11500 yuan / ton in Shandong and 11400-11500 yuan / ton in Nanjing, with an average price increase of 4.59% over last week, 44.3% over the beginning of the year and 68.47% over the same period last year.

2、 Analysis and comment

In terms of cost, the price of pure benzene rose rapidly in the early stage, boosted by the favorable external news. However, the price of pure benzene rose too fast in the early stage, and the resistance of the downstream to high price pure benzene was strong. In the early stage of this week, crude oil fell, the external market softened sharply, the downstream styrene fell in shock, the good news was released, the market took profits, and the price fell. However, the willingness of the industry to lower out is low, and Sinopec’s pure benzene listing price of 6750 yuan / ton is stable, and the market decline is limited. On Sunday (March 7), the price of pure benzene was 6400-6850 yuan / ton (average price was 6670 yuan / ton), with an average price of 20 yuan / ton, or 0.3%, lower than last week, and an increase of 29.51% over the same period last year.

The price of nitric acid this week was slightly lower than that of last week. On Friday (March 5), the production price of nitric acid in East China was 1983.33 yuan / ton. Compared with the beginning of the month, the price decreased by 16.67 yuan / ton, or 0.83%; compared with the same period last year, the price increased by 32.22%.

In the next week, Jiangsu Fuqiang aniline plant was overhauled, and some units in Jinling were put into operation at reduced load. The market supply is expected to decrease. Aniline enterprise inventory low, price rise.

3、 Future expectation

In terms of cost and international, with the recovery of styrene plants in Europe and the United States, the shortage of styrene supply eased, and the price of pure benzene in Europe and the United States fell back. In China, the replenishment of pure benzene at the main port from March to April is limited, and the downstream profit level of pure benzene is high, and the demand for pure benzene is good. It is expected that the speed of going to the warehouse will be improved. At present, the pure benzene market is greatly affected by styrene and crude oil, and it is expected that it will still fluctuate in the short term. Continue to pay attention to the downstream market, domestic and foreign pure benzene plant trends, crude oil, the impact of external market trends on the price of pure benzene.

The main aniline plants in Shandong are expected to be overhauled and the supply is expected to decrease; the demand for downstream polymerization MDI and rubber additives is strong, the price is high, the profit margin is good, and the demand for aniline is good. The market is bullish on the short-term aniline Market. If the downstream continues to actively follow up, aniline may continue to rise. Continue to pay attention to the trend of raw materials, the follow-up of downstream demand and the operation and maintenance of aniline plant.