Price Trend

According to the data from the business associations’list, aniline has risen sharply this week, with an overall increase of more than 5%. This week, the market price of aniline in Nanjing increased by 300 yuan/ton, or 5%, compared with last week, while that in Shandong increased by 300 yuan/ton, or 5.26%. At present, the mainstream price in Shandong is 6000 yuan/ton, while that in Nanjing is 6300 yuan/ton.

II. Analytical Review

Raw Material: At the beginning of the week, due to the supply gap of pure benzene in the United States, pure benzene in Korea was sent to the United States for arbitrage. The high price of pure benzene in the U.S. dollar plate supported the rise of domestic pure benzene price. On Thursday, the supply of pure benzene in eastern China was tight. Pure benzene companies in Shandong sent their supplies to Eastern China, and the prices of refined pure benzene in Shandong rose.

Product: This week’s aniline tender price is higher than last week’s. This week’s rise in aniline prices is mainly supported by strong costs, low profits of downstream enterprises, insufficient follow-up to aniline prices, limiting the increase.

III. Future Market Expectations

Raw material: At present, the listed price difference of domestic pure benzene has been reduced greatly, and Sinopec still has the possibility of raising the price. It is expected that some vessels will arrive next week, with an estimated delivery of about 20,000 tons. With the accidental stop of a styrene plant in East China, the tail plate of pure benzene will be slightly weaker next week and the increase will be limited.

It is expected that the price of pure benzene will increase in the later period, but the downstream starting rate of aniline is still not high and the demand for aniline is limited.

It is expected that the trend of aniline stability will be strong in the next week.