1、 Price trend
The price of aniline stabilized at the beginning of this week, and began to rise on Thursday, according to the data from the business club’s bulk list. On December 6, the price of aniline in Shandong was 7500-7600 yuan / ton; in Nanjing, it was 7750-7850 yuan / ton; on December 13, it was 7600-7700 yuan / ton in Shandong; and 7900-8000 yuan / ton in Nanjing, the average price was 1.09% higher than last week and 13.73% higher than the same period last year.
2、 Analysis and comment
In terms of cost, from the end of November, the main influencing factors of pure benzene price changed from styrene to crude oil and external market. With the recovery of European and American prices and the opening of the arbitrage window between Asia and the United States, the price of pure benzene in Asia has increased significantly. The good news will drive the focus of domestic pure benzene market negotiation higher. At the beginning of the week, the domestic market continued the upward trend of last week, and the price continued to rise to Wednesday, up 4.57%. With the weakening of crude oil and styrene, the market mentality of pure benzene is weakening, and some low-cost goods sources in the early stage have begun to take profits and the prices are lower. From November 26 to December 13, Sinopec’s listed price of pure benzene increased by 600 yuan / ton to 4600 yuan / ton, and 200 yuan / ton to 4600 yuan / ton in the week. On Monday, the total inventory of pure benzene in East China port was about 250000 tons. On this Sunday (December 13), the price of pure benzene was 4280-4650 yuan / ton (average 4556 yuan / ton), up 180 yuan / ton or 4.11% from last week.
Nitric acid prices stabilized this week. On Friday (December 13), the production price of nitric acid in East China was 1900 yuan / ton, up 100 yuan / ton or 5.56% compared with the beginning of the month.
At the end of last week, aniline in Shandong Province decreased slightly by 100 yuan / ton, then stabilized and rose to Thursday. Affected by environmental protection inspection this week, Jinling and Huatai aniline plants in Shandong have been operating at reduced load. New market supply has been reduced, and prices have risen. Aniline prices in East China have followed suit.
3、 Future expectations
In terms of cost, the supply of pure benzene in Europe and the United States is in short supply and the price remains high, which supports the price in Asia. Focus on the late crude oil, external market trend and downstream styrene market.
In winter, environmental inspection and production restriction policies were introduced, which had a certain impact on the supply and demand of aniline. Pay attention to the future trend of raw material pure benzene, the change of starting load of aniline plant and the demand change of downstream additives and MDI. It is expected that the price will rise next week.
| Thiourea |