1、 Price trend
Aniline prices have fallen this month, according to a large list of business associations. On March 1, the price of aniline in Nanjing was 7300 yuan / ton, and that in Shandong was 6800 yuan / ton; on March 31, the price of aniline in Nanjing was 5700 yuan / ton, and that in Shandong was 5600 yuan / ton. The monthly decline was 18.36%.
| Sulfamic acid 99.50% |
2、 Analysis and comment
1. Raw materials: pure benzene fell more than in March. On March 1, the listing price of pure benzene was 5100-5500 yuan / ton (average price 5380.2 yuan / ton), and on March 31, the listing price of pure benzene was 2550-3200 yuan / ton (average price 2700 yuan / ton), with a monthly decrease of 49.82%. In March, with the resumption of domestic production, the overall operating rate of pure benzene picked up. Although domestic public events have been effectively controlled, large-scale outbreaks abroad have led to a sharp decline in crude oil and related energy chemicals. The downstream demand is weak, and the release of pure benzene capacity is blocked; in addition, the external market plummeted, and the low price hit, and the domestic pure benzene fell seriously. However, crude oil is low in price, with less cost constraints and profit margin. This month Sinopec lowered the listing price of pure benzene seven times, a total of 2750 yuan / ton. Pure benzene, as a product greatly affected by crude oil, has a significant downward trend. The arrival of pure benzene increased this month, and the port inventory accumulated significantly.
Nitric acid: nitric acid rose after falling this month. The price of nitric acid in East China was 1550 yuan / ton on March 1, and 1600 yuan / ton on March 31, with a monthly decrease of 3.23%.
| sulphamic acid |
2. Products: in March, with the improvement of domestic social public events, the enterprises resumed production, and the operating rate of aniline enterprises increased. However, the start-up of aniline is slow, the demand for aniline is weak, and the supply and demand are unbalanced. In addition, the cost surface is wide and loose, and aniline is continuously explored. Jinling park on February 12, restart a set of 100000 tons on March 8, Huatai park on March 20-28, and Yangnong Park in Jiangsu Province.
3、 Future forecast
1. Raw materials: foreign pure benzene enters China, and low price supply continues to impact the domestic market. The decline trend of some downstream products is stronger than that of pure benzene, with limited support for pure benzene; and the overall operating rate of downstream enterprises has declined, and the contradiction between supply and demand has increased. Overall, the fundamentals are not good, and it is difficult for the short-term pure benzene market to improve substantially.
During the shutdown and maintenance of aniline plant in some enterprises, the supply and demand are temporarily stable. Focus on plant restart and downstream procurement of aniline plant. It is expected that the price of aniline will be stable in the short term, and the price trend in the later period will be affected by supply and demand.
| Sulfamic acid |