SunSirs: Aniline Fell 6.64% This Week (November 18- 22)
November 25 2019 10:56:34 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, aniline continued to decline in Shandong and Nanjing this week. Last Friday, the market price of aniline in Shandong was 7150RMB/ton, while that in Nanjing was 7530RMB/ton. On Friday, the market price of aniline in Shandong Province was 6680-6700RMB/ton, down 6.43% from last week, while that in Nanjing was 7000RMB/ton, down 7.04% from last week.
Analysis review
Raw materials: the port inventory of pure benzene is low this week, and the spot supply is tight to support the pure benzene market. However, the downstream profit level is low, which limits the recovery of pure benzene market.
Product: There were two major adjustments on the market of aniline in this week, during which some enterprises continued to reduce prices to promote shipment. Aniline factory load is higher and inventory is accumulation, in order to promote the shipment of aniline, enterprises have to reduce profit prices.
Market outlook
At present, the overall supply and demand of pure benzene market is weak, and the sense of market direction is not strong. In addition, the supply of hydrogenated benzene in North China will resume, and Zhejiang Petrochemical will soon pilot production, which may increase the impact on the pure benzene market in the future. It is expected that the short-term pure benzene will still be weak in the overall operation.
Compared with the price of pure benzene at present, the price of aniline is still higher than that at the beginning of September, or there is still a possibility of downward trend..
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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