The downstream prepared orders of aniline this week before the festival, the price went up 1.56% (January 13-17, 2020)

1、 Price trend


According to the data in the business club’s large list, the price of aniline in Shandong Province rose 200 yuan / ton this week, and the market price of aniline in Shandong Province on Friday was 6400 yuan / ton, 3.23% higher than that on Friday; the price of aniline in Nanjing region rose 100 yuan / ton this week, and the market price on Friday was 6800 yuan / ton, 1.49% higher than that on Friday.


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2、 Analysis and comment


Raw materials: this week’s pure benzene is weak, and the price is 5600-5950 yuan / ton on Friday. Near the Spring Festival, the port inventory of pure benzene has accumulated. With the completion of downstream replenishment of inventory, the completion of traders’ replenishment of empty space and insufficient crude oil support, the operation of pure benzene is weak this week.


Nitric acid edged down this week, down 1.04%.


Product: this week, in the event of the downstream pre Festival stock up, the aniline enterprise’s shipment is smooth, the inventory pressure is released, and the price is increased. In the second half of the week, the downstream stock slowed down, and the aniline factory mainly stabilized the price and delivered goods.


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3、 Future expectation


Raw materials: some factories put styrene into production in the later stage, which has a certain positive support for the demand for pure benzene. However, the announcement of the latest Sino US trade agreement raised industry concerns about the inflow of styrene from the United States. The market price of styrene has a downside risk, which is bad for the pure benzene market. It is expected that the price of pure benzene will be lower in the later period.


The downstream stock up is basically over, and the aniline shipment volume is back to normal. Considering the approaching Spring Festival, the market is going to have holidays one after another, the pace of trading slows down, and the price fluctuation is limited. It is expected that aniline will run stably next week.

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