1、 Price trend

According to the business community block list data, this week’s aniline price is mainly stable consolidation. On January 24, the price of aniline in Shandong was 7800-7900 yuan / ton; in Nanjing, the price of aniline was 8000-8100 yuan / ton, with an average price of 21.54% higher than that in the same period of last year.

2、 Analysis and comment

In terms of cost, Sinopec’s listed price of pure benzene remained stable this week, at 4650 yuan / ton (4500 yuan / ton in parts of North China). During the week, although the news of crude oil and external market was good, the inventory of downstream raw materials was high, and the enthusiasm of stock preparation and purchase was not high; moreover, the spot price of domestic pure benzene fell due to the impact of the low price of northern hydrogenation benzene. On Monday, the total inventory of pure benzene in East China port was about 5000 tons lower than last week. News within the week Brunei Hengyi benzene plant failure, is expected to have a certain impact on later shipping. On Sunday (January 24), the price of pure benzene was 4180-4650 yuan / ton (average price was 4490 yuan / ton), down 16 yuan / ton or 0.36% from last week.

The price of nitric acid this week was lower than that of last week. On Friday (January 22), the production price of nitric acid in East China was 2016.67 yuan / ton. Compared with the beginning of the month, the price decreased by 33.33 yuan / ton, or 1.63%; compared with the same period last year, the price increased by 27.37%.

At present, the price trend of aniline has little correlation with pure benzene, which is mainly affected by supply and demand. Part of the aniline plants maintain low load operation, and the quantity released from the spot is not high, so the supply and demand are stable. The price of aniline was stable in the next week.

3、 Future expectation

In terms of cost, affected by public health events and rain and snow weather in the north, many downstream units are expected to stop, and the demand for pure benzene is weakening. Downstream styrene is expected to continue to decline next week, pure benzene or drag with the fall. However, crude oil, high support outside the market, pure benzene is expected to decline little. Continue to pay attention to the situation of stock preparation and shutdown in the downstream before the festival, as well as the trend of crude oil, external market and styrene.

Continue to pay attention to the changes of market supply and demand side, the operation load of aniline plant and the new aniline shipment of Jiangsu Fuqiang new materials.