Price Trend
According to the data of business associations, the market price of aniline in Nanjing increased by 100 yuan/ton this week, 1.57% compared with last week, while that in Shandong increased by 220 yuan/ton, 3.78% compared with last week. The mainstream price in Shandong is 6030 yuan/ton, while that in Nanjing is 6450 yuan/ton.
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II. Analytical Review
Raw Material: This week, the rise of pure benzene slowed down. The price was 5250-5350 yuan/ton, up 0.48% from last week. At the beginning of the week, the situation continued last week, and the domestic pure benzene market was boosted by the favorable factors of the continuous decline of port stocks and the continued rise of pure benzol US dollar plate. On Tuesday, the close of the benzo dollar market plunged and continued to fall, damaging the bullish mood of market participants. Due to the lower external market, the domestic market lacks the driving force for speculation.
Product: This week, the tender price of Shandong’s main aniline enterprises increased by about 300 yuan/ton compared with last week, and the cost pressure forced the price of aniline to rise. But weak downstream demand limits its growth.
Downstream: This week’s downstream MDI remained stable compared with last week’s.
III. Future Market Expectations
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As the external market continued to decline and the gap between internal and external markets narrowed, the domestic pure benzene market lacked the incentive to continue to speculate. Pure benzene will run smoothly next week.
The trend of aniline next week should continue to pay attention to the dynamics of pure benzene.