1、 Price trend
Aniline ended up and down this week, according to data on the business agency’s bulk list. On March 28, the price of Shandong Province was 13900-14000 yuan / ton, Nanjing aniline price was 14000 yuan / ton, on April 4, Shandong price was 13000-13200 yuan / ton, Nanjing aniline price was 13000-13500 yuan / ton, and the average price fell 7.14% from last week, up 64.56% compared with the beginning of the year, up 143.75% compared with the same period last year.
2、 Analysis and comment
Cost, this week, pure benzene continued to follow the trend of styrene, prices rose. In the week, Petronas and ENEOS plant in Japan stopped, and the prices of pure benzene in Asia rose, supporting the domestic pure benzene market. The inventory of East China port continued to decline this week and is still in the warehouse access. This week, the price of Sinopec’s Benzene hanging increased by 150 yuan / T to 6500 yuan / ton, while the price of some refineries in North China was increased by 300 yuan / T to 6450 yuan / ton. On Sunday (April 4), the price of pure benzene was 6450-6650 yuan / ton (average price: 6520 yuan / ton), with the average price up 240 yuan / ton, or 3.82%, compared with the previous week, and 169.42% higher than the same period last year.
The price of nitric acid stabilized in the week, with the production price of nitric acid in East China on Friday (April 2) at 2050 yuan / ton, which was flat from the beginning of the month, up 28.12% from the same period last year. The goods in the nitric acid market are still acceptable, and some manufacturers have no inventory pressure.
The high price of aniline and the lower price of downstream polymerization MDI lead to the reduction of downstream profit space, strong resistance to high price aniline and low enthusiasm of receiving. In addition, the 200000 ton / a aniline plant in Jinling East camp was restarted on April 3, and Huatai 100000 t / a aniline plant was about to be restarted. The supply is expected to increase, the industry is short of mentality towards the future market, and the price of aniline is weak.
3、 Post market expectations
In terms of cost, the number of benzene arriving at the port is still limited in the later period, the port is still in the way of inventory removal, the inventory of enterprises is not high, and the shipping pressure is not available. It is expected that the short-term pure benzene will still follow the fluctuation of crude oil and styrene. With the new styrene plant entering the site, the demand for pure benzene has certain support. Continue to pay attention to downstream market, domestic and foreign pure benzene plant dynamics, crude oil, external market and other trends on the price of pure benzene.
Market supply is expected to increase and aniline is expected to fall. Pay attention to the changes of market supply after the restart of Jinling Dongying and the restart plan of Dongying Huatai. Continue to pay attention to the trend of raw material surface, downstream demand follow-up and the influence of aniline plant dynamics on aniline price.
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