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SunSirs: Aniline Continued to Rise Slightly This Week (November 28-December 02)
December 06 2022 14:32:24SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the price of aniline rose slightly this week. On November 25, the price was 10,350 RMB/ton, and on December 2, the price was 10,438 RMB/ton, 0.85% higher than last week and 13.04% higher than the same period last year.

Analysis review

On the cost side, pure benzene: the fundamentals of pure benzene were not good, and the supply side continued to increase due to the accumulation of stocks in ports in East China; Downstream market was generally weak, and they purchased just in needed. Combined with the weak trend of crude oil, the cost support was poor. The price of pure benzene fell under the pressure of multiple negative factors. After the fall of pure benzene, the downstream buying recovered, and prices rebounded slightly near the weekend. On Friday (December 2), the price of pure benzene was 6,559 RMB/ton, 3.32% lower than last week and 3.95% higher than the same period last year.

Nitric acid: The price of domestic nitric acid rose this week. The price was 2,400 RMB/ton on November 25 and 2,433 RMB/ton on December 2. The price rose 1.39% last week, and 3.55% higher than the same period last year.

The operating rate of some plants in North China decreased slightly. In addition, under the influence of public health events, logistics and transportation were limited, and the supply of aniline in the market decreased. The price of aniline was at a low level, and the purchase enthusiasm of the downstream was fair, and the factory shipment was normal within the week. Fundamentals recovered and prices rebounded slightly.

Market outlook

Cost support was general; the downstream was in the low demand season, and the overall follow-up was limited. At present, the supply and demand of aniline market is temporarily stable, and the trend is relatively stable in the short term, with limited rise. Continue to pay attention to the trend of raw materials, the dynamics of aniline device and the downstream picking mood.

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