1、 Price trend

According to the data of business club’s block list, aniline prices were mainly consolidated this week. On June 4, the price in Shandong was 9100-9200 yuan / ton; The price of aniline was 9200-9300 yuan / ton in Nanjing, and 8800-9100 yuan / ton in Shandong on June 11; The price of aniline in Nanjing was 9000 yuan / ton, with an average price of 2.18% lower than last week; It is 13.5% higher than that at the beginning of the year and 97.79% higher than that at the same period of last year..

2、 Analysis and comment

In terms of cost, the downstream profits of pure benzene are in deficit, and the follow-up of pure benzene is weak. The rapid decline of styrene in the week dragged down the pure benzene mentality, and the price fell with it. This week, Sinopec cut the price of pure benzene by 150 yuan / ton to 7750 yuan / ton. On Sunday (June 13), the price of pure benzene was 7600-7750 yuan / ton (average price was 7730 yuan / ton), and the average price fell 180 yuan / ton, or 2.28%, compared with last week; Compared with the same period last year, it increased by 106.13%.

The price of nitric acid rose this week. On Friday (June 11), the price of nitric acid production in East China was 2266.67 yuan / ton, up 1.49% from last week and 56.32% from the same period last year.

Although Huatai unit was restarted last week, there are still many units in the market running at reduced load, and the on-site supply is reduced, which supports the price of aniline. In the first half of the week, aniline consolidation is the main factor. Near the weekend, in order to promote shipment, aniline prices fell.

3、 Future expectation

In terms of cost, internationally, the recovery of crude oil is promising; The external price falls, the import arbitrage window opens, and the import volume of pure benzene is expected to increase in the later period. In China, the pure benzene units that were overhauled in the early stage have been restarted one after another, and the supply has been rising gradually; However, the short-term supply in the market is still tight. Overall, it is expected that the price of pure benzene will be sorted out next week.

Individual units in the site still maintain load reduction operation, but the downstream demand is general. Generally speaking, the short-term consolidation of aniline still remains stalemate. Continue to pay attention to the trend of raw material, the follow-up of downstream demand and the dynamic of aniline plant.