SunSirs: Aniline Fell Twice in May

Price trend

According to the data monitoring of SunSirs, the price of aniline has been lowered twice this month. On the 1st, the price of aniline was 4,800 RMB/ton, which dropped to 4,600 RMB/ton on May 6; then it fell to 4,466.67 RMB/ton on the 21st; it continued to operate steadily. On May 1, the price of aniline in Nanjing was 4,800-5,020 RMB/ton, the price in Shandong was 4,800-4,890 RMB/ton; on May 31, the price of aniline in Nanjing region was 4,600-4,820 RMB/ton, and the price in Shandong was 4,400-4,490 yuan / tonne. The price of aniline fell 333.33 RMB/ton this month, a monthly decrease of 6.94%.

Analysis review   

Raw materials: The price of pure benzene on May 1 is 2,750-3,400 RMB/ton (average price of 3,020 RMB/ton), and the price of pure benzene on May 31 is 3,450-3,850 RMB/ton (average price of 3,600 RMB/ton) , An increase of 580 yuan / ton compared with May 1, a 19.21% increase this month. During the month, Sinopec raised the listing price of pure benzene five times, raising a total of 700 RMB/ton to 3,500 RMB/ton. The pure benzene market this month was mainly boosted by crude oil and favorable external disks. With the recovery of public health incidents, foreign embargo measures have been gradually relaxed, and the market for crude oil and chemical products has rebounded. However, the current domestic price is higher than the import price, which suppresses the sharp rise in the domestic price of pure benzene.

Nitric acid: The price stabilized after falling on May 7. The price of nitric acid in East China on May 1 was 1,466.67 RMB/ton, and the price on the 31st was 1,433.33 RMB/ton, which fell 33.34 RMB/ton this month, a decrease of 2.27%.

Product: This month, aniline remained basically stable and weak, with two significant price cuts. Apart from the two declines, the rest maintained a weak and steady trend, and prices remained stable. The operating rate of aniline downstream additives is still low, and insufficient demand drags down aniline; MDI purchases are mostly contracts, and it is difficult to support aniline demand.

Market outlook

It is heard that the turnover of pure benzene was 3,600 RMB/ton in May, 3,680-3,700 RMB/ton in June, 3,760 RMB/ton in July, and 3,800 RMB/ton in August. Increased operating rates of hydrogenated benzene companies and increased pressure on the supply and demand side may affect the pure benzene market. In the long run, the market price of pure benzene will continue to rise, but short-term oscillations remain.

Foreign public health incidents began to improve, the blockade measures were gradually relaxed, and auto transportation began to recover. Aniline downstream additives companies may slowly increase the operating rate, but the demand for aniline has not increased significantly in the short term.

It is expected that the short-term aniline will maintain a weak and stable trend, waiting for a rebound.

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