SunSirs: Aniline Stopped Rising and Fell This week (November 4 - November 8)
November 12 2019 13:43:13 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the price of aniline in Shandong and Nanjing has stopped rising and falling this week. The market price of aniline in Shandong was 7,950 RMB/ton; the market price of aniline in Nanjing was 8,400 RMB/ton, the overall decline was 1.22%.
Analysis review
Raw materials: This week, the atmosphere of pure benzene in East China is strong, which drives the market to improve. This week, the spot supply of pure benzene market was tight and the supply was concentrated. The port inventory continued to be below 100,000 tons, and the price of pure benzene was supported. On Friday (November 8th), the price of pure benzene was 5050-5400 RMB/ton. This week, the price of nitric acid fell, which was 1.94% lower than last week, and the cost support was weak.
Product: This week, the aniline plant resumed operation, the market supply increased, and the price was lowered.
Market outlook
Raw materials: At present, the supply pressure of pure benzene is relatively high, and the price has certain support. However, the downstream demand is weak, coupled with the low demand for replenishment at the beginning of the month, the market lacks sustained upward momentum.
At present, the profit of the aniline plant is still high. Considering the comprehensive consideration, it is expected that aniline will still be down.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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