SunSirs: Aniline Fell 10% This Week (November 11-15)

Price trend

According to the data monitoring of SunSirs, the price of aniline in Shandong and Nanjing has fallen sharply this week. The market price of aniline in Shandong area was 7,950 RMB/ton last Friday; the market price of aniline in Nanjing area was 8,400 RMB/ton. On Friday, the market price of aniline in Shandong was 7150 RMB/ton, down 10.1% from last week; the market price of aniline in Nanjing was 7530 RMB/ton, down 10.4% from last week.

Analysis review        

Raw materials: The current price of pure benzene is 5250-5400 RMB/ton. At the beginning of the week, the market demand for pure benzene was weak and prices were lower. However, the reduction in supply of hydrogenated benzene caused a decrease in supply, driving the price of pure benzene in North China to rise. The tight supply and the decline in port stocks led to the increase in the price of pure benzene.

Nitric acid was stable after the decline this week, down 1.98% from last week.

Products: This week, the aniline factory is operating normally, the supply is sufficient, the company's inventory has accumulated, and the factory has lowered the price several times in order to promote shipment.

Market outlook

Raw materials:  the supply and demand of coking industry has improved, the support of hydrobenzene is strong, and the subsequent driving force is still strong. In addition, the port inventory is low, and the spot market supply is tight, which has strong support for the bottom of pure benzene. But at present, the profit of downstream enterprises is small, the demand is weak, and the increase is limited. It is expected that pure benzene will rise slightly in the later period driven by the market.

The supply is sufficient and the inventory is accumulated; the cost side has recovered to a certain extent, and it is expected that the consumption of aniline will decline in the short term.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.