1、 Price trend

According to the data of the business club’s block list, the price of aniline rose within the week. On April 18, the price of aniline in Shandong was 10200-10500 yuan / ton, and that in Nanjing was 10500 yuan / ton. On April 25, the price of aniline in Shandong was 10600-10800 yuan / ton, and that in Nanjing was 11000 yuan / ton. The average price increased by 3.21% over last week, 35.86% over the beginning of the year, and 102.52% over the same period of last year.

2、 Analysis and comment

In terms of cost, the price of pure benzene in Europe and the United States rose sharply this week, driving the price of pure benzene in Asia to rise rapidly, and the domestic market also followed suit. In addition, due to the tight supply of downstream styrene, the price continued to rise, supporting the price of pure benzene to a high level. This week, Sinopec actively increased the listing price of pure benzene, twice, with a total increase of 450 yuan / ton to 7300 yuan / ton, with strong bottom support, boosting the market mentality. On Sunday (April 25), the price of pure benzene was 7050-7400 yuan / ton (average price was 7280 yuan / ton), which was 460 yuan / ton higher than last week, or 6.74%; It was 129.65% higher than that of the same period last year.

The price of nitric acid rose this week compared with last week. On Friday (April 23), the production price of nitric acid in East China was 2300 yuan / ton, up 12.2% from the beginning of the month and 53.33% from the same period last year. Nitric acid delivery is OK, the manufacturer’s quotation is up.

In terms of demand, the aniline factory’s shipment was stable within the week; In terms of devices, Dongying Huatai and Jiangsu Yangnong devices were shut down for maintenance, and the market supply was reduced; In terms of cost, the price of pure benzene rose continuously, and the bidding price of enterprises rose. Positive boost, aniline prices rose in the week.

3、 Future expectation

In terms of cost, the external Asian American arbitrage window opened and the support was strong; Sinopec’s price is high with strong bottom support; Shandong Hongrun styrene plans to test run at the end of this month, and the demand in Shandong is expected to increase. Overall, the trend of pure benzene market is expected to be strong in the near future.

Under the support of the cost side, it is expected that the next week’s price will be high and firm, focusing on the upcoming May Day holiday downstream purchasing plan. In terms of plant, Jiangsu Yangnong aniline plant is expected to restart at the end of this month. Continue to pay attention to the trend of raw materials, the follow-up of downstream demand and the impact of aniline plant dynamics on aniline price.