Weak demand, weak stability of meta phenylenediamine

Price trend

 

According to the Commodity Market Analysis System of Business Society, as of April 2nd, the average market price of phenylenediamine was 37900 yuan/ton. On March 26th, the average market price of phenylenediamine was 38233 yuan/ton, a decrease of 0.87% from last week.

 

In terms of cost

 

Pure benzene: The price of pure benzene in China has slightly increased this week. On April 2nd, the price of pure benzene was 8572 yuan/ton, an increase of 1.33% compared to last week. The trend of crude oil is relatively strong, with some manufacturers raising prices. After negotiations in the pure benzene market, prices have slightly rebounded, and downstream styrene operating rates have slightly increased.

 

Nitric acid: The domestic price of nitric acid has slightly decreased this week. On April 2nd, the price of nitric acid was 1750 yuan/ton, a decrease of 0.56% compared to last week. At present, the market is consolidating and observing, with manufacturers maintaining stable shipments.

 

In terms of demand

 

The main downstream demand for resorcinol is weak, and supply and demand are under pressure. Dyes, pesticide intermediates, and other new orders have poor prices, and market prices remain weak.

 

Future Market Forecast

 

Overall, the upstream pure benzene market has stopped falling and rebounded, and there is currently no positive news for nitric acid. Downstream demand is average, with no significant increase in demand. Pay attention to the cost side and changes in demand for meta phenylenediamine in the later stage.

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