Downstream demand supports aniline without inventory pressure, and the price will rise in the week (August 23-August 27, 2021)

1、 Price trend

According to the bulk list data of business society, aniline is running at a high price this week. On August 20, the price of aniline in Shandong was 10900-11100 yuan / ton and that in Nanjing was 11100-11200 yuan / ton; On August 27, the price of aniline in Shandong was 10900-11100 yuan / ton, and that in Nanjing was 11100-11200 yuan / ton. The price increased by 4.43% compared with the beginning of the month, 39.24% compared with the beginning of the year, and 152.87% compared with the same period last year.

2、 Analysis and review

In terms of cost, in the early stage, affected by the deep decline of crude oil and the continuous negative decline of downstream styrene, although the market negotiation was positive, the support was insufficient and the price fell continuously. Crude oil rebounded strongly this week, and the oil distribution returned to above US $70 / barrel, supporting the recovery of pure benzene market mentality. On Sunday (August 29), the price of pure benzene was 7500-7650 yuan / ton (the average price was 7560 yuan / ton), an increase of 1.07% over last week; Compared with the same period last year, it increased by 123.01%.

The price of nitric acid fell this week. On Friday (August 27), the production price of nitric acid in East China was 3130 yuan / ton, down 1.05% from last week and up 108.67% from the same period last year.

Some enterprises operate under reduced load, and the spot supply of aniline on the site is tight; The downstream demand for aniline is well supported; The price of raw material pure benzene rebounded slightly, and the price of aniline continued to be high this week.

3、 Future expectations

In terms of cost, raw materials and downstream main products perform poorly, and pure benzene has insufficient action power. It is expected to continue to consolidate in the short term.

Tianji unit returns to normal operation and the on-site supply is expected to increase. Aniline has a good profit margin and is supported by downstream demand. It is expected that aniline will continue its high trend next week. In September, the demand for downstream rubber additives may pick up, which is expected to bring good results. Continue to pay attention to the trend of raw material, downstream demand and the dynamics of aniline plant.

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