Aniline price remains stable this week (July 13 – July 17, 2020)

1、 Price trend

 

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According to the big list data of business agency, the aniline price this week remained stable compared with last week. On July 17, the aniline price in Shandong was 4200-4280 yuan / ton, and that in East China was 4200-4300 yuan / ton.

 

2、 Analysis and comment

 

In terms of cost, the listed price of pure benzene was 2930-3300 yuan / ton (average price 3140 yuan / ton) this Sunday (July 19), and the average price was 10 yuan / ton, or 0.32% lower than last week. This week, Sinopec’s listed price of pure benzene continued to be stable, and the price of pure benzene in Shandong was weakened by the pressure of delivery. This week, the port inventory rose again, and the main port inventory is about 264000 tons.

 

Since June 10, the price of nitric acid in East China has been stable, and the price in East China is 1450 yuan / ton.

 

Gamma-PGA (gamma polyglutamic acid)

This week, aniline enterprise supply and demand is stable, inventory pressure is small, the price is stable within the week.

 

3、 Future expectations

 

In terms of cost, the pure benzene market is limited by the port high inventory and delivery pressure, which is difficult to improve in the short term. It is expected that the short-term pure benzene price range will fluctuate.

 

Cost side guidance is not strong, supply and demand are stable. It is expected that aniline price will continue to be stable next week.

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