Price Trend

According to the data of business associations, the market price of aniline in Nanjing remained stable this week compared with last week’s, rising by 100 yuan/ton on the 5th day and returning on the 6th day; the market price in Shandong fell by 70 yuan/ton compared with last week, a decline of 1.25%. The mainstream price in Shandong is 5500 yuan/ton, while that in Nanjing is 5900 yuan/ton.

II. Analytical Review

Raw Material: About 156,000 tons of pure benzene are in stock at the port this week, up from last week. Influenced by bad news such as crude oil, pure benzol and the softer downstream market, the traders are cautious and wait-and-see in the downstream market.

Product: This week raw material pure benzene Market weakened again, aniline cost surface support weakened. And the downstream demand is weak, and the follow-up to aniline is insufficient. The market price of aniline increased by 100 yuan/ton on the 5th day in East China due to the favorable factors of cargo ship delivery, but the market was still light, and decreased by 100 yuan/ton on the 6th. This week, aniline companies mainly reduce prices to inventory.

III. Future Market Expectations

Raw Material: At present, downstream demand for pure benzene is weak, the overall procurement enthusiasm is not high, although the previous inventory has declined, but considering that with the shrinking of the Asia-American window, subsequent arrivals will continue to increase, which will drag down the market recovery.

The hot weather, low downstream start-up rate, lack of support for aniline prices. It is reported that King King of Jinling has a parking maintenance plan, which provides good support for the price of aniline in Shandong, but the support is expected to be limited.

Aniline is expected to run weakly and steadily next week.