1、 Price trend

The price of aniline continued to fall this week, according to the data of the bulk list of business cooperatives. On November 11, the price was 13575 yuan/ton, and on November 18, the price was 10725 yuan/ton, down 20.99% from last week and 18.75% from the same period last year.

2、 Analysis and review

On the cost side, pure benzene: At the beginning of the week, due to the expected increase in downstream styrene exports, the market strengthened, driving the increase in pure benzene negotiations, and the price rose with it. However, due to the overall poor profitability of downstream products, the market trend continues to be weak, and the demand for pure benzene is weak. The crude oil fell continuously in the second half of the week. The market atmosphere was depressed by bad news, and the price fell back. On Friday (November 18), the price of pure benzene was 6967 yuan/ton, down 0.12% from last week and 1.31% from the same period last year.

Nitric acid: The domestic nitric acid price is stable this week. The price was 2400 yuan/ton on November 11 and 2400 yuan/ton on November 18. The price was flat last week, down 13.25% from the same period last year.

Due to the poor purchasing enthusiasm in the downstream, the aniline factory has accumulated inventory; In addition, the planned maintenance of Shanghai Lianheng reduced the demand for aniline, increased the export volume of aniline, and increased the spot supply in the market. The pressure of supply and demand has increased, and the prices of enterprises have been lowered widely to promote shipment.

3、 Future market expectation

The support of raw materials is insufficient, the pressure of supply and demand of aniline increases, and the price may continue to decline. Continue to pay attention to the trend of raw materials, the dynamics of aniline device and the downstream picking mood.