1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the price of aniline has slightly increased this month. At the beginning of the month, aniline showed an upward trend, and the price of aniline has decreased in the middle and late stages. On August 1st, the market price of aniline was 10262 yuan/ton; On August 31st, the price was 11500 yuan/ton, and the average price of aniline this month increased by 12.06% compared to the beginning of the month and 112.74% compared to the same period last year.

2、 Analysis and Review

In terms of raw materials, the overall pure benzene market has also increased this month, with prices gradually increasing. 1、 Crude oil fell broadly, with a bearish cost side. 2、 The Asian American arbitrage window has closed, and the domestic price of pure benzene in China is high, resulting in a high import volume of pure benzene in July. And the overall supply of pure benzene in the market is sufficient. 3、 Downstream profitability is poor, with styrene prices falling first and then rising, rising by 0.92% compared to the beginning of the month. At the beginning of the month, the price of pure benzene was 7447 yuan/ton; The price at the end of the month was 7550 yuan/ton, and the price has increased this month, a decrease of 1.08% compared to the same period last year.

Nitric acid: The price of nitric acid has slightly increased this month. At the beginning of the month, the price of nitric acid in East China was 1940 yuan/ton, and at the end of the month, it was 2035 yuan/ton. The price increased by 4.89% compared to the beginning of the month and decreased by 6.04% compared to the same period last year.

In August of this year, the price of aniline significantly increased, and the price remained stable in the middle of the year. The market has a strong bullish atmosphere, and there is no pressure on factory shipments. The quotation has been actively raised. The fundamentals of aniline are relatively strong, and the bidding prices of northern factories have increased, with strong cost support. The follow-up on the demand side is normal, and with the fulfillment of Wanhua’s maintenance plan within the past month, the market’s positive guidance is obvious. There is no pressure on aniline factory shipments, and the quotation continues to rise.

3、 Future Market Forecast

The demand for pure benzene in the region is strong, and downstream purchases are normal. Traders are just in need of restocking, driving the transaction center to continue to move upward, and crude oil is generally rising in the outer market.

Pure benzene still has the possibility of rising in the short term, and there is insufficient cost support for aniline. In August, there was a strong bullish atmosphere in the aniline market, and there was no pressure on factory shipments. The quotation was actively raised. The fundamentals of aniline are relatively strong, and in the future, we will continue to pay attention to the trend of cost, changes in downstream demand, and changes in the operating rate of aniline plants.