Price Trend
According to the data of business associations, the market price of aniline in Nanjing this week rose 200 yuan/ton from last week, an increase of 3.25% compared with last week; the market price in Shandong increased 50 yuan/ton from last week, an increase of 0.87%. The mainstream price in Shandong is 5780 yuan/ton, while that in Nanjing is 6350 yuan/ton.
| Sulfamic acid |
II. Analytical Review
Raw Material: Pure benzene continued to rise this week. Data released at the beginning of the month showed that only 20,000 tons of pure benzene were imported into Korea in June, with imports falling sharply compared with the previous five months. Pure benzene in Korea is arbitraged to the United States. Pure benzene in the United States continued to soar this week, stimulating sentiment in the domestic pure benzene market. This week, the price of pure benzene increased by 50-200 yuan/ton, and the price was 5,000-5,250 yuan/ton, an increase of 3.39% over last week.
| Sulfamic acid 99.50% |
Product: The raw material pure benzene market has strong sentiment, and the pressure of aniline cost surface continues to increase. However, downstream demand is weak, and aniline enterprises are generally shipped. Aniline enterprises reduce the burden and output, and inventory slowly declines.
Downstream: This week’s MDI fell first and then recovered slightly, down from last week’s overall decline, a decline of 0.6%. The downstream demand is weak and the market atmosphere is general, which restrains the price rise of aniline.
III. Future Market Expectations
At present, the reduction of pure benzene supply is the most important factor to support the price increase, and imported pure benzene prices continue to rise, stimulating the domestic market. However, downstream resistance to high-priced pure benzene is obvious, which may inhibit the increase of pure benzene.
| sulphamic acid |
At present, although aniline enterprises reduce their burden and output, they are always in the predicament of huge upstream cost pressure, weak downstream demand and cost inversion. So we should pay attention to downstream demand in the future.
It is expected that the trend of aniline next week is still related to the cost side and directly related to downstream demand.