The Prices of Aniline Rose More Than 10% This Week (September 16-20)

Price trend

According to the data of SunSirs, the current market price of aniline in Shandong is 7300-7400 RMB/ton, while that in Nanjing is 7600 RMB/ton, up 12.63% from last week.

Analysis review

Raw materials: Since the end of August, the price of benzene has been rising. The operating rate of some benzene enterprises is not high, and the inventory of hydrogenated benzene plants is low; the domestic benzene stocks are lower in September, and the market supply is tight; on the external market, the US and Korean arbitrage windows remain open, and the external disk prices fluctuate. At the beginning of this week, affected by the Saudi incident last Saturday, the price of benzene in the outer disk skyrocketed, driving the domestic market to be bullish, and the price of benzene rose to 5800-5900 RMB/ton.

Products: It is reported that Shanxi Tianji has 130,000 tons of aniline equipment unstable, parking maintenance, supply reduction, downstream enterprises turn to Shandong and other places to buy, coupled with strong support for cost, aniline prices rose rapidly this week.

Market outlook

The risk of crude oil supply has subsided, but the risk of the Middle East has affected the market, and oil prices are still likely to rebound. Downstream high-price follow-up of benzene is insufficient, benzene may be stable and fluctuate weakly in the near future.

The Shanxi Tianji installation is expected to recover in late September and will ease tensions in aniline supply. National Day is coming, some downstream may stock up before the holiday, and which will support the demand for aniline.

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