1、 Price trend

The price of aniline fell this week, according to the data on the bulk list of business society. On July 15, the price in Shandong was 11800-12100 yuan / ton; The price of aniline in Nanjing is 12100-12500 yuan / ton; On July 22, the price in Shandong was 11200-11430 yuan / ton; The price of aniline in Nanjing is 11800-12000 yuan / ton, down 3.97% from last week and up 12.01% from the same period last year.

2、 Analysis and comment

In terms of cost, pure benzene: the shipment of pure benzene is tight, and the pure benzene in East China port has maintained de stocking. This week, the inventory in East China port has decreased by 20000 tons compared with last week. The port has a good enthusiasm for picking up goods, and the downstream air filling at the end of the month is OK, and pure benzene rebounded slightly this week. However, the market expects the supply of pure benzene to increase in August, and poor negotiations on pure benzene in the far month limit the increase. On Friday (July 22), the price of pure benzene was 8800-9150 yuan / ton (the average price was 9026 yuan / ton), an increase of 0.19% over last week and 10.07% over the same period last year.

Nitric acid: this week, domestic nitric acid continued its decline last week. On July 15, the domestic production price of nitric acid was 2833 yuan / ton, and on July 22, the price was 2783 yuan / ton, which was 1.76% lower than last week and 13.61% higher than the same period last year.

Aniline supply increased slightly this week, but the downstream only maintained rigid demand follow-up, superimposed with weak cost support, aniline enterprises’ mentality of shipping, and prices fell.

3、 Aftermarket expectations

In terms of cost, in terms of pure benzene, the short-term supply of pure benzene is tight, and the port is expected to be dominated by destocking, but the market is expected to ease the tight supply of pure benzene in August. Overall, the downward pressure of pure benzene increased. Continue to pay attention to the impact of crude oil and external market price trends, pure benzene port inventory, pure benzene and downstream device dynamics on prices.

In terms of nitric acid, the raw material market continues to be weak, and the delivery of nitric acid is flat. It is expected that the price of nitric acid may be dominated by weak operation.

It is expected that the operating rate of aniline plant will continue to rise next week, with increased supply but poor demand. Under the pressure of supply and demand, aniline may continue to fall. Pay attention to the trend of raw materials, downstream demand and the impact of aniline plant dynamics on aniline prices.