1、 Price trend

According to the bulk list data of business society, aniline rose broadly after the festival. On January 30, the price in Shandong was 12400-12600 yuan / ton; The price of aniline in Nanjing is 12800 yuan / ton; On February 11, the price in Shandong was 13000-13200 yuan / ton; The price of aniline in Nanjing was 13800 yuan / ton, up 5.82% from before the festival and 61.94% from the same period last year.

2、 Analysis and comment

On the cost side, pure benzene: during the festival, crude oil rose widely, driving the general rise of energy related commodities. The cost side was stronger, the superposition of good enterprise shipments, the rise of downstream styrene, multiple positive boost, and the positive rise of pure benzene. However, the spot transaction of styrene downstream was insufficient, and there were new plant output within the superposition week. The news was bad and the price fell. Crude oil and styrene prices both weakened, pure benzene operators took profits and prices fell rapidly. On Friday (February 11), the price of pure benzene was 7903-8450 yuan / ton (the average price was 8130 yuan / ton), and the average price increased by 440 yuan / ton or 5.72% compared with that before the festival; Compared with the same period last year, it increased by 52.25%.

Nitric acid: the price of nitric acid stabilized this week. On Friday (February 11), the domestic production price of nitric acid was 2200 yuan / ton, which was flat compared with the price before the festival and increased by 10% compared with the same period last year.

Within the week, the maintenance plan of Shandong Jinling aniline plant was put into operation. One 100000 t / a aniline plant was shut down for maintenance on the 10th, and the other 100000 t / a aniline plant was planned to shut down on the 16th. Coupled with the half load operation of Shanxi Tianji, there is less spot supply in East China, and the supply reduction of aniline Market is obvious in the later stage. The demand for aniline in the downstream decreased due to the Spring Festival, but the demand for aniline is expected to increase due to the willingness of some downstream to store goods. The supply is reduced, the demand may increase, and the price of raw materials is rising, the support is strong, and the price of aniline continues to rise after the festival.

3、 Future expectations

In terms of cost and pure benzene, downstream styrene weakened due to new addition. Although pure benzene followed the decline, the demand was supported to some extent. In addition, the short-term cost is still at a high level and has a good support for pure benzene. It is expected that pure benzene will be consolidated in shock next week. In terms of nitric acid, manufacturers are bullish on the future market of nitric acid because of the increase in demand.

The high cost price supports, the supply of aniline is expected to tighten, and there are goods preparation expectations in some downstream. On the whole, the storage of aniline continues to rise. Continue to pay attention to the trend of raw materials, downstream demand and the impact of the dynamics of aniline plant on the price of aniline.