SunSirs: Aniline Prices Had Decreased This Week (May 8-12)
May 15 2023 09:37:26 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of aniline hax dropped this week. The aniline market price was 11,700 RMB/ton on May 8 and 11,300 RMB/ton on May 12, down 3.41% from last week.
Analysis review
Pure benzene: On the 11th, the spot trading atmosphere in East China was poor, with bearish attitudes among sellers in recent months and positive shipments. However, downstream buying was insufficient, and market negotiation prices continued to decline. The spot transaction of pure benzene in East China was between 6,880-6,930 RMB/ton, and 6900-6,950 RMB/ton in Shandong. Crude oil plummeted, and it is expected that pure benzene would weaken and consolidated in the morning on the 12th. On Friday (May 12th), the price of pure benzene was at 7,110 RMB/ton, a decrease of 4.56% compared to last week and down 18.9% compared to the same period last year.
Nitric acid: The domestic price of nitric acid remained stable this week. On May 8th, the price was 2,430 RMB/ton, and on May 12th, it was 2,430 RMB/ton. The price decreased by 0.93% compared to last week and decreased by 8.37% compared to the same period last year.
Market outlook
The factory's inventory is healthy, and there is not much pressure on shipping. Downstream procurement is still acceptable, and aniline stop falling and on the sidelines.
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