Price Trend
According to the data of business associations, the current market price of aniline in Shandong is 7300-7400 yuan/ton, while that in Nanjing is 7600 yuan/ton, up 12.63% from last week.
II. Analytical Review
Raw material: Beginning in late August, the price of pure benzene has been rising. The operating rate of some pure benzene enterprises is not high, and the inventory of hydrogenation benzene factory is low; the domestic pure benzene inventory in September is low, and the market supply is tight; in terms of external market, the arbitrage window of the United States and South Korea remains open, and the external market price shocks higher. At the beginning of this week, affected by the incident in Saudi Arabia on Saturday, the price of pure benzene in the external market soared, driving the domestic market to be bullish, and the listing price of pure benzene rose to a high of 5800-5900 yuan / ton.
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Products: It is reported that 130,000 tons of aniline plant in Shanxi Tianji is unstable, parking overhaul, supply reduction, downstream enterprises turn to Shandong and other places to buy, coupled with strong support from the cost side, aniline prices rose rapidly this week.
III. Future Market Expectations
Raw Material: The risk of crude oil supply has subsided, but the risk of the Middle East has affected the market, and oil prices are still likely to rebound. Downstream high-price follow-up of pure benzene is insufficient, pure benzene may be stable and weak in the near future.
Shanxi Tianji plant is expected to resume in late September, which will ease the supply tension of aniline. National Day is approaching, some downstream may be ready before the festival, to support the demand for aniline.
It is expected that aniline will run strongly in the near future.
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