1、 Price trend
According to the bulk list data of business society, aniline prices stabilized this week. On August 6, the price of aniline in Shandong was 10400-10600 yuan / ton and that in Nanjing was 10600-10700 yuan / ton; On August 13, the price of aniline in Shandong was 10400-10600 yuan / ton, and that in Nanjing was 10600-10700 yuan / ton, an increase of 32.49% over the beginning of the year and 140.61% over the same period last year.
2、 Analysis and review
In terms of cost, in the early part of this week, due to the significant increase in pure benzene port inventory and the decline of styrene, the market mentality was suppressed, and the price continued to decline last week; Styrene rebounded in the second half of the week, driving the slight recovery of pure benzene. The epidemic spread, Limited Logistics in many places, limited shipment of enterprises, and affected demand at the same time. This week, Sinopec cut the listing price of pure benzene by 150 yuan / ton. On Sunday (August 15), the price of pure benzene was 7400-7600 yuan / ton (the average price was 7530 yuan / ton), and the average price decreased by 80 yuan / ton or 1.05% compared with last week; Compared with the same period last year, it increased by 122.78%.
The price of nitric acid stabilized this week. On Friday (August 13), the production price of nitric acid in East China was 3096.67 yuan / ton, an increase of 104.18% over the same period last year. Nitric acid was boosted by raw materials and shipment support in the early stage, with a large increase, and it is expected to be mainly consolidated in the later stage.
Within the week, Jiangsu Yangnong started shipping and another 100000 t / a unit of Nanhua was restarted. However, due to the impact of the epidemic, the shipment of enterprises was blocked, and the increment of market outward release changed little. The cost trend gradually stabilized, and the downstream demand was stable as a whole. The price of aniline was stabilized and consolidated this week.
3、 Future expectations
In terms of cost, the trend of crude oil is full of uncertainty, which is difficult to support pure benzene; The downstream profit space expanded and the demand for pure benzene rebounded. It is expected that the price of pure benzene will stabilize next week, but the rebound lacks strong support.
In the later stage, the market supply of aniline gradually increases, the cost side is expected to stabilize, and the price of aniline may decline. Continue to pay attention to the trend of raw material, downstream demand and the dynamics of aniline plant.
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