1、 Price trend
Aniline prices fell this week as market supply pressure rose, according to data from the business club’s large list. On Sunday (April 26), prices in Shandong and Nanjing were 5100 yuan / ton, down 7.83% from last week.
| Polyglutamic acid |
2、 Analysis and comment
Raw materials: after two weeks of hoarding, downstream enterprises have sufficient pure benzene inventory, and this week’s pure benzene market negotiation is light. In addition, crude oil plummeted on Tuesday, and the price of external market fell sharply, driving the price of domestic pure benzene down. Since the middle of March, the port inventory of pure benzene has continued to grow, and the source of imported goods has continued to hit the domestic market. Under the influence of multiple negative, this week’s pure benzene returned to a weak position, and the price fell continuously in the week. Over the weekend (April 26), the listing price of pure benzene was 3000-3500 yuan / ton (average price 3170 yuan / ton), down 5.37% from last week.
Nitric acid continued its downward trend in the week, with the production price in East China at 1500 yuan / ton at the weekend, down 1.1% from last week.
| Poly glutamic acid |
Product: this week, the aniline plant was restarted, the market supply increased, and the price was affected twice.
3、 Future expectation
Raw materials: near the end of the month delivery, the pure benzene market may have a certain boost. It is expected that the pure benzene market will maintain weak operation in the short term, with a small rebound potential. Crude oil and foreign market have a great impact on domestic pure benzene, and pay attention to the later trend.
The operating rate of aniline plant has increased and the supply has increased. There is no more good news in the upstream. It is expected that the short-term trend will be weak.
| poly gamma glutamic acid |