Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 2nd, the average market price of phenylenediamine was 37,900 RMB/ton. On March 26th, the average market price of phenylenediamine was 38,233 RMB/ton, a decrease of 0.87% from last week.

Analysis review

In terms of cost

Pure benzene: The price of pure benzene in China had slightly increased this week. On April 2nd, the price of pure benzene was 8,572 RMB/ton, an increase of 1.33% compared to last week. The trend of crude oil was stronger, with some manufacturers raising prices. After negotiations in the pure benzene market, prices had slightly rebounded, and downstream styrene operating rates had slightly increased.

Nitric acid: The domestic price of nitric acid had slightly decreased this week. On April 2nd, the price of nitric acid was 1,750 RMB/ton, a decrease of 0.56% compared to last week. As of April 2nd, the market was consolidating, with manufacturers maintaining stable shipments.

In terms of demand

The main downstream demand for resorcinol was weak, and supply and demand were under pressure. Dyes, pesticide intermediates, and other new orders had poor prices, and market prices remained weak.

Market outlook

Overall, the upstream pure benzene market had stopped falling and rebounded, and there was temporarily no positive news for nitric acid. Downstream demand was average, with no significant increase in demand. Pay attention to the cost side and changes in demand for meta phenylenediamine in the later stage.

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