1、 Price trend

Aniline prices in Shandong and Nanjing fell this week, according to a large number of data in the list of business agencies. On Friday, the market price of aniline in Shandong Province was 6450 yuan / ton, 3.01% lower than that of 6650 yuan / ton on Friday, and that in Nanjing was 6750 yuan / ton, 4.93% lower than that of 7100 yuan / ton on Friday.

2、 Analysis and comment

Raw materials: the listing price of pure benzene on Friday is 5700-5900 yuan / ton, 0.88% higher than last week. This week, the port inventory of pure benzene continued to decline compared with last week, and the domestic pure benzene spot shortage and other good support, the domestic pure benzene price continued to rise in the first half of the week. However, due to Sinopec’s lack of price adjustment guidance in the second half of the week, the market’s rising mentality fell and the price was stable.

Product: aniline rose 8.51% driven by rising cost. Due to the rapid rise last week and the weak demand in the downstream itself, most of the aniline factories had difficulties in shipping this week.

3、 Future expectation

Raw materials: the downstream products of pure benzene need to be soft and the profit is thin, or the market of pure benzene will be limited. In the later stage, it is necessary to pay attention to the start-up load change of downstream and hydrobenzene units.

At present, the profit of aniline has been close to the cost line, and the expectation of upstream pure benzene has not been lowered significantly in the short term.

It is predicted that the short-term aniline operation will be stable and weak, and the later stage will focus on the enterprise inventory and pure benzene dynamics.