1、 Price trend
According to the data in the business club’s large list, the price of aniline in Shandong fell this week, while the price in other regions remained stable. On May 22, the price of aniline in Shandong was 4400-4490 yuan / ton, while that in East China was 4600-4820 yuan / ton, down 3.6% from last week.
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2、 Analysis and comment
Raw materials: this week’s price of pure benzene continued to shock consolidation. In the week, Sinopec experienced two times of increase in the price of pure benzene, with a total increase of 250 yuan / ton to 3350 yuan / ton, reducing the price difference with the local refining. Sinopec’s increase in the price of pure benzene has played a positive role in supporting the domestic price of pure benzene. But this week’s pure benzene negotiation is weak, the spot price of pure benzene is lower, and the price in the far month is higher. This week, pure benzene port inventory went up, tank capacity was tight. On May 17, the listing price of pure benzene was 3100-3600 yuan / ton (average 3310 yuan / ton); on this Sunday (May 24), the listing price of pure benzene was 3300-3750 yuan / ton (average 3460 yuan / ton), up 4.53% from last week.
The price of nitric acid is stable this week, and the production price in East China is 1433.33 yuan / ton.
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Product: the price of aniline Market was stable in the early stage of this week. On Thursday, the price of Jinling aniline was reduced by 200 yuan / ton, while that of Shandong aniline Market was down. The downstream demand is not high, and the enterprise’s shipment is deadlocked.
3、 Future expectation
Raw materials: the shift of crude oil center of gravity and the profit level of downstream products of pure benzene are acceptable, which are favorable for the existence of support; however, the high inventory of the port brings negative effects. It is expected that the pure benzene market will continue to fluctuate in the short term.
The downstream demand recovered slowly, and aniline is expected to maintain weak stability in the short term.
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