SunSirs: Chemical, Aniline Price Rebounded Last Week (April 13-17)

According to the data of SunSirs, last week's aniline was stimulated by good news, and the price rebounded sharply. Last Friday (April 17), the price in Shandong Province was 5,500 RMB/ ton, and that in Nanjing was 5,600 RMB/ ton, up 9.93% from the previous week.

Analysis and Comment

Raw materials: after the previous week's bottom reading, the market speculation started last week slowed down significantly. Last Tuesday, Sinopec's listing price of pure benzene was increased by 150 RMB/ ton, to 3,050 RMB/ ton. Last week, pure benzene continued the upward trend of last week, but the upward trend slowed down; the focus of negotiation fell in the near weekend. On April 19, the listing price of pure benzene was 3,000-3,900 RMB/ ton (the average price was 3,350 RMB/ ton), up 5.35% from last week. East China's port inventory continued to accumulate. Last week, the downstream factories in the north were active in purchasing, the spot market supply was insufficient and the price was high. The East China Shandong arbitrage window opened to support the pure benzene market.

Nitric acid continued its downward trend in the week, and the production price in East China was 1,516.67 RMB/ ton at the end of last week, down 2.15% from the previous week.

Products: stimulated by the sharp increase in cost, downstream enterprises of aniline stepped up their stock preparation; inventories of aniline enterprises were cleared and prices rebounded.

Market Forcast

Raw materials: East China Shandong arbitrage opened, East China's source of goods into Shandong, or to curb their prices. At the same time, the support of pure benzene was weakened. It is expected that the purchase of pure benzene will return to light in the later period, and the market is likely to decline, but the decline is not large. It is expected to benefit the aniline Market.

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