1、 Price trend

According to the bulk list data of the business agency, the price of aniline was relatively stable this month. On March 13th, the market price of aniline was 12600 yuan/ton, and on March 17th, the price was 13000 yuan/ton, an increase of 6.55% compared to last week.

2、 Analytical Review

Pure benzene market: Yesterday, the price of pure benzene in East China fluctuated and fell, with insufficient support for the market price of styrene. The offer for pure benzene moved downward, with limited transaction volume. Shandong Refinery is not willing to hold goods, actively adjusting prices to promote shipment, and the overall market price has moved downward. In February, due to centralized maintenance in the downstream, the market supply was relatively abundant, and prices were expected to be weak and volatile. On Thursday (March 16th), the price of pure benzene was 7208 yuan/ton, down 0.92% from last week and 12.09% from the same period last year.

Nitric acid: The domestic price of nitric acid decreased slightly this week. On March 13, the price was 2483 yuan/ton, and on March 16, the price was 2467 yuan/ton. The price decreased by 4.73% compared to last week, and increased by 12.04% compared to the same period last year.

“There is less supply and more demand for aniline, and there is no significant expectation of a short-term decline in the raw material pure benzene. It is expected that the aniline market will be strong in February.”.

3、 Aftermarket expectations

The logic of the aniline market fluctuation still lies in the supply and demand side. With the upcoming implementation of the planned overhaul in Jinling, the supply in the north will continue to enter a tight pattern. It is expected that the aniline market will be strong in the next cycle, or there will be expectations of continued growth.