Price trend

According to the data of SunSirs' list, the price of aniline decreased during the holiday season, the Shandong region reduced by 200 RMB/ton, and the East China region decreased by 200 RMB/ton. May 9), the price of aniline in Shandong was 4,600-4,690 RMB/ton, and the price of aniline in East China was 4,600-4,820 RMB/ton, a decrease of 4.17% compared with last week.

Analysis review   

Raw materials: This week, boosted by the rise of crude oil and external disk, the domestic pure benzene market has become stronger. Sinopec raised the listing price of pure benzene twice this week, raising a total of 350 RMB/ton to 3,100 RMB/ton. On May 3, the price of pure benzene was 2,750-3,400 RMB/ton (the average price was 2,960 RMB/ton); on Wednesday (6th), the price of Sinopec's pure benzene was raised by 200 RMB/ton, and the domestic price of pure benzene was 2,950-3,500 RMB/ton (average price 3,120 RMB/ton); on Saturday (9th), Sinopec's pure benzene listing price was raised by 150 RMB/ton, and the domestic pure benzene listing price was 3,100-3,500 RMB/ton (average price of 3,270 RMB/ton), up 10.47% from last week.

Nitric acid continued its downward trend during the week, and the production price in East China at the weekend was 1,433.33 RMB/ton, a decrease of 2.27% from last week.

Product: During the holiday season, the price of aniline companies was reduced. During the week, prices have remained stable, and enterprise shipments were acceptable.

Market outlook

Raw materials: The downstream enterprises are generally in a profitable state, the factory operating rate has increased, and the demand for pure benzene has increased to a certain extent. The current outlook for crude oil and external disks is good, providing support for pure benzene. In addition, the current hydrobenzene is 3,200-3,500 RMB/ton. It is expected that pure benzene will continue to rise.

The positive news on the cost side is supporting the price of aniline. At present, the profit margin of aniline is relatively large. If the shipping pressure increases, there is still a downside.

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