1、 Price trend

The price of aniline in Shandong was 4300-4390 yuan / ton on June 28, 4500-4820 yuan / ton in East China; on July 3, aniline price in Shandong was 4100-4180 yuan / ton, and that in East China was 4100-4300 yuan / ton, a decrease of 4.58% compared with last week.

2、 Analysis and comment

In terms of cost, Sinopec’s pure benzene price decreased by 200 yuan / ton to 3100 yuan / ton compared with last week; Sinopec’s listed price of pure benzene decreased by 500 yuan / ton for three consecutive weeks. Due to the high level of port inventory, enterprises have greater pressure to ship. However, as the price continued to fall, Sinopec’s price was low, the downstream profitability improved, and the downstream buying interest rose slightly.

The nitric acid level this week, the production price of nitric acid in East China was 1450 yuan / ton on July 3.

Cost side deep fall, aniline downstream reception enthusiasm decreased, in order to promote shipment, aniline price down this week. The operating rate of downstream enterprises is low, the demand is low, and the inventory pressure of aniline enterprises is difficult to release in a short time.

3、 Future expectations

In terms of cost, the external market showed a return temperature, and crude oil also showed an upward trend, guiding the domestic market upward. Lower prices led to the rise of downstream purchasing enthusiasm, enterprises bargain hunting, far month prices driven rebound. But the port inventory is still high, pure benzene is still under pressure. Benzene is expected to rebound next week, but the range is not large.

Supply and demand are still the main factors affecting the price of aniline. It is expected that aniline will move steadily in the next week.