SunSirs: Aniline Prices Had Slightly Decreased This Week (December 4-8)
December 11 2023 09:41:20 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of aniline has slightly decreased this week. On December 4th, the market price of aniline was 11,475 RMB/ton. On December 8th, the price was 11,107 RMB/ton, a decrease of 7.55% from last week and an increase of 2.84% from the same period last year.
Analysis review
Pure benzene: On December 7th, there was a good intention to purchase at a low price in East China. Shandong refineries’ quotations stopped falling, and multiple downstream and trading companies entered the market to purchase. The actual order volume increased, and overall transactions improved compared to before. Night trading negotiations had rebounded to 6,900-6,950 RMB/ton, and it is expected that pure benzene in East China will open high for consolidation in the morning. On Friday (December 8th), the price of pure benzene was 6,703 RMB/ton, a decrease of 4.51% from last week and an increase of 3.12% from the same period last year.
Nitric acid: The domestic price of nitric acid had slightly increased this week. On December 4th, the price was 2,283 RMB/ton, and on December 8th, it was 2,316 RMB/ton. The price increased by 3.62% compared to last week and decreased by 3.57% compared to the same period last year.
Market outlook
The shipment from the aniline factory was still acceptable and had basically reached a balance between production and sales. As of December 8th, the market was deadlocked in buying sentiment, and it is expected that aniline will continue to decline.
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