SunSirs: Aniline Dynamics on June 14, 2024
June 14 2024 11:04:36 SunSirs (John)
Benzene: Yesterday, the main business unit raised its listing price, leading to an increase in downstream gas buying and a shift in the focus of negotiations. The transaction in the East China market was positive. Shandong Refinery had a good mentality and low inventory pressure. After the quoted price was moved up, the premium transaction was made and the shipment was smooth. The night trading remained at a high level of 9,520 RMB/ton, with benzene in East China expected to remain stable and consolidate in the morning.
Considering the arrival of the off-season, although most factories continued to experience rising costs, their shipping mentality continued, and their quotations remained strong at high levels. This week, most domestic facilities were operating normally, production and sales were not yet balanced, and inventory was small. It is expected that short-term aniline shipments will continue, waiting for new news guidance. Today, the price of aniline is 12,100 RMB/ton, which is relatively stable compared to yesterday's price.
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