1、 Price trend

According to the business club, the price of aniline is stable this week. On October 25, the price of aniline in Shandong was 6600-6700 yuan / ton, and that in East China was 6700-6800 yuan / ton; on October 30, the price of aniline in Shandong was 6600-6700 yuan / ton, and that in East China was 6700-6800 yuan / ton, which was the same as last week.

2、 Analysis and comment

In terms of cost, pure benzene showed a downward trend this week, mainly driven by the drop in crude oil. Although the price rise of styrene in the downstream has brought benefits, the fundamentals of pure benzene itself are weak, the entry of downstream units is delayed, the port inventory is high, and the market focus is weak. On Sunday (November 1), the listed price of pure benzene was 3350-3650 yuan / ton (the average price was 3575 yuan / ton), down 50 yuan / ton or 1.38% from last week.

The price of nitric acid has been rising since the middle of September. On Friday (October 30), the production price of nitric acid in East China was 1616.67 yuan / ton, up 33.34 yuan / ton or 2.11% compared with last week.

Last week, King Jinling had a set of aniline plant restart, market supply tension eased, prices began to stabilize. Aniline prices continue to maintain stable this week, enterprises no pressure to ship, supply and demand balance.

3、 Future expectations

In terms of cost, the port pressure of pure benzene remains unchanged, and the process of de stocking is slow. In addition, the price difference between internal and external markets is large, and the import pressure is increasing. However, in November, the downstream is expected to have new demand, which has a certain support for the price of pure benzene, and the pure benzene has a good resistance to fall. It is expected that the trend of pure benzene will remain weak and stable next week.

There are more stops in aniline plant and less market supply. The downstream profit is good, the operating rate is high, and the demand for aniline is well supported. It is expected that aniline prices will continue to rise next week.