1、 Price trend

According to the data of business news agency’s block list, the price of aniline rose again this week. On March 7, the price of aniline was 11200-11500 yuan / ton in Shandong and 11400-11500 yuan / ton in Nanjing. On March 12, the price of aniline was 12300-12500 yuan / ton in Shandong and 12300-12500 yuan / ton in Nanjing, with an average price increase of 8.48% over last week, 56.54% over the beginning of the year and 96.82% over the same period last year.

2、 Analysis and comment

In terms of cost, pure benzene continued to rise with crude oil at the beginning of the week. By the middle of the week, some downstream units of pure benzene in Shandong were shut down for maintenance, resulting in a decrease in demand. As a result, the inventory of pure benzene enterprises in Shandong accumulated slightly. In addition, the price of pure benzene was weak due to the drop of styrene cash and futures. Sinopec’s listing price of 6750 yuan / ton was stable this week, supporting the price of pure benzene, with limited market decline. On Sunday (March 14), the price of pure benzene was 6400-6750 yuan / ton (average price was 6670 yuan / ton), which was the same as last week’s price and increased by 42.52% compared with the same period last year.

The price of nitric acid this week was flat compared with last week. On Friday (March 12), the production price of nitric acid in East China was 1983.33 yuan / ton. Compared with the beginning of the month, the price decreased by 0.83% and increased by 32.22% over the same period of last year.

Jiangsu Fuqiang aniline plant was overhauled, Jinling Dongying aniline plant was shut down within a week, market supply further tightened. The downstream products are still in the high profit level, the starting load is high, the demand for aniline is good, and the on-site purchasing is active. Supply was tight, aniline continued to rise in the week.

3、 Future expectation

In terms of cost, the replenishment of pure benzene from March to April at the main port is limited, and the overall profitability of the downstream of pure benzene is high, and the demand for pure benzene is good. It is expected that the speed of going to the warehouse will be improved. In addition, in March, the pure benzene maintenance unit was centralized, and the supply side was reduced. On the whole, pure benzene still has the ability of action. Continue to pay attention to the downstream market, domestic and foreign pure benzene plant trends, crude oil, the impact of external market trends on the price of pure benzene.

Good cost support; many aniline plants shut down for maintenance, market supply is tight; downstream polymerization MDI, rubber additives price is high, profit margin is good, demand for aniline is good. The market is bullish on the short-term aniline Market. If the downstream continues to actively follow up, aniline may continue to rise. Continue to pay attention to the trend of raw materials, the follow-up of downstream demand and the operation and maintenance of aniline plant.