1、 Price trend

According to the bulk list data of business society, the price of aniline stabilized after a wide rise this week. On October 15, the price of aniline in Shandong was 13200-13560 yuan / ton and that in Nanjing was 13500-13600 yuan / ton; On October 22, the price in Shandong was 14000-14260 yuan / ton; The price of aniline in Nanjing is 14000-14500 yuan / ton, an increase of 4.74% over last week, 77.22% over the beginning of the year and 108.96% over the same period last year.

2、 Analysis and review

In terms of cost, the rise of crude oil slowed down, the atmosphere of bulk commodity market weakened during the week, and the price of styrene fell, and the negotiation of pure benzene Market weakened. Demand in Shandong weakened and prices fluctuated narrowly after falling during the week. The impact of low price of hydrogenated benzene in the north, and the mentality of pure benzene market is empty.

The price of nitric acid rebounded this week. On Friday (October 22), the production price of nitric acid in East China was 3430 yuan / ton, an increase of 2.18% over last week and 116.63% over the same period last year.

Due to an accident, Jiangsu Fuqiang delayed the restart of aniline plant, the overall operating rate of aniline in the field was low, the spot supply was tight, the market hyped that the supply was reduced, and the price continued to rise. During the week, the price of pure benzene fell, but it was still high, the price of nitric acid rebounded, and the raw material side supported aniline well. The downstream demand is good, and the follow-up of p-aniline is stable. Aniline stabilized after rising during the week.

3、 Future expectations

In terms of cost, crude oil will still maintain a strong trend in the short term, with good cost support. However, the downstream operating rate decreased and the demand for pure benzene was limited; Coupled with the impact of low price of hydrogenated benzene in the north, it is expected that pure benzene will hardly recover in the short term. Overall, it is expected that pure benzene will fluctuate weakly next week.

It is reported that Huatai and Jinmao have maintenance plans, and the supply of aniline may continue to decrease in the future. The tight supply pattern is difficult to change in the short term, and aniline is expected to maintain a strong trend next week. Continue to pay attention to the trend of raw material, downstream demand and the dynamics of aniline plant.