1、 Price trend

According to the data of the business club’s large scale list, the price of aniline decreased this week. On Friday (April 3), the price in Shandong was 5300 yuan / ton, and that in Nanjing was 5400 yuan / ton, 10.86% lower than last week.

2、 Analysis and comment

Raw materials: the listing price of pure benzene at the end of this week is 2250-2850 yuan / ton (average price: 2450 yuan / ton), down 560 yuan / ton from last week, down 18.6%. East China’s port inventory has accumulated substantially for two consecutive weeks, and the market supply pressure is increasing. This week, Sinopec continued the situation of the last two weeks, falling for two consecutive weeks, with a total decrease of 2250 yuan / ton in three weeks. At the beginning of the week, crude oil and external market continued to be bearish, while pure benzene declined to 2250-2700 yuan / ton. Crude oil closed up sharply on Friday, followed by the external market and domestic pure benzene, which rose to 2250-2900 yuan / ton over the weekend.

The price of nitric acid remained stable this week, and the production price in East China was 1600 yuan / ton.

Product: the aniline plant will resume operation within the week, and the market supply is expected to increase. In order to reduce inventory pressure and promote shipment, the price was lowered twice in the week.

3、 Future expectation

Raw materials: in the short term, there is no significant increase in the downstream operating rate, and it is difficult to increase domestic demand; in addition, 35000-40000 tons of pure benzene will still arrive at the port of succession next week, and the supply pressure will continue to increase. However, crude oil and external market brought good news, supporting the price rise of pure benzene. The short-term pure benzene market is expected to be weak as a whole, but it is likely to rise.

At present, the profit space of aniline is large, and the trend focuses on the impact of supply and demand.