Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 9th, the average market price of phenylenediamine was 38,600 RMB/ton. On May 1st, the average market price of phenylenediamine was 36,166 RMB/ton, an increase of 6.73% compared to last week.

Analysis review

In terms of cost

Pure benzene: The price of pure benzene in China had slightly increased this week. On May 9th, the price of pure benzene was 8,758 RMB/ton, an increase of 0.98% compared to last week. The transaction of pure benzene was still acceptable, and there was sufficient supply on the market. Pure benzene may continue to rise in the short term.

Nitric acid: The domestic price of nitric acid had slightly increased this week. On May 9th, the price of nitric acid was 1,876 RMB/ton, and on May 2nd, it was 1,856 RMB/ton, an increase of 1.08% compared to last week. At of May 9th, the market atmosphere was active, and downstream demand continued to improve.

Market outlook

Overall, the cost side had shown strong performance, with improved demand for dyes, pesticide intermediates, and other products in downstream markets. The market had been affected by many positive factors and was operating strongly. It is expected that the market for meta phenylenediamine will show a stronger trend.

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