Price trend

According to the data of SunSirs, the price of aniline in Shandong and Nanjing areas rose slightly this week. The aniline market price in Shandong this week was 6,500 RMB/ton, up 0.78% from 6,450 RMB/ton last Friday; the aniline market price in Nanjing was 6,800 RMB/ton, up 0.74% from 6,750 RMB/ton last Friday.

Analysis review        

Raw materials: The pure benzene listing price this Friday was 5,700-5,950 RMB/ton, an increase of 2.08% from last Friday. This week's pure benzene port inventory continued to decline from last week, but mid-week data showed that inventory picked up. Sinopec's listing price increased by 200 RMB/ton to 5,950 RMB/ton this week, which led other companies to follow up. However, It’s heard that there are large-scale styrene factories in the downstream planning to shut down, coupled with poor shipments by enterprises in Shandong, the market mentality was empty in the second half of the week, and prices fell slightly near the weekend.

Product: Affected by rising costs, this week aniline followed a small increase of 50 RMB/ton. After the pure benzene market weakened, aniline companies stabilized prices and eliminated inventory.

Market outlook

Raw materials: The profit level of downstream product companies is low, and large-scale styrene units are planned for maintenance, and the demand for pure benzene will be greatly affected. In addition, the closing of the Asian-American arbitrage window has a negative impact. Pure benzene is expected to weaken slightly next week.

At present, aniline inventory has been released to a certain extent, and it is expected that short-term aniline will mainly operate stably. Pay attention to the trend of pure benzene and downstream demand in the later stage.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.