Aniline price rise (July 27 – July 31, 2020)

1、 Price trend

 

According to the big list data of business agency, aniline price went up this week. On July 31, aniline price in Shandong was 4200-4330 yuan / ton, and that in East China was 4300-4400 yuan / ton, up 1.57% over last week.

 

2、 Analysis and comment

 

In terms of cost, the listed price of pure benzene on Sunday (August 2) was 3230-3400 yuan / ton (the average price was 3370 yuan / ton), and the average price was increased by 180 yuan / ton or 5.64% compared with last week. Sinopec raised the listing price of pure benzene twice this week to 3350 yuan / ton, a total increase of 250 yuan / ton compared with July 1. This week coincides with the end of the month to fill the short, the market spot transaction is more active; in addition, the price of the external market has risen significantly, reducing the pressure of cash withdrawal, pushing up the price of pure benzene.

 

The price of nitric acid stabilized this week, with 1533.33 yuan / ton in East China on July 31.

 

This week, Dongying Huatai aniline plant was shut down for maintenance, and the market supply was reduced to some extent. In addition, the raw material of pure benzene rose many times this week, with strong support, driving the focus of aniline Market to move up. However, weak downstream demand still limited the rise of aniline.

 

3、 Future expectations

 

In terms of cost, although the pressure of port inventory is still under pressure, the pressure has been alleviated after the end of the month. In addition, Sinopec raised the listing price, the bottom support is stronger, and the pure benzene market is expected to be stronger next week.

 

Supply and demand balance, aniline price is expected to be stable next week.

Thiourea