1、 Price trend
| EDTA |
According to the data of the bulk list of business society, aniline finished down in a narrow range this week. On July 8, the price in Shandong was 11800-12000 yuan / ton; The price of aniline in Nanjing is 12300-12500 yuan / ton; On July 15, the price in Shandong was 11800-12100 yuan / ton; The price of aniline in Nanjing is 12100-12500 yuan / ton, down 0.21% from last week and up 26.05% from the same period last year.
2、 Analysis and comment
On the cost side, pure benzene: affected by the broad decline of crude oil, the outer disk pure benzene followed the weakness, driving the domestic market to lower the focus of negotiation. During the week, the turnover in Shandong was general, and the price difference with other regions widened. Due to the reduction of domestic trade ships, the inventory of East China ports this week decreased by 8000 tons compared with last week, and the market supply was relatively tight, with a limited overall decline during the week. On Friday (July 15), the price of pure benzene was 8600-9150 yuan / ton (the average price was 9009 yuan / ton), which was 2.79% lower than last week and 5.61% higher than the same period last year.
Nitric acid: the price of domestic nitric acid fell this week. The domestic production price of nitric acid was 2917 yuan / ton on July 8 and 2833 yuan / ton on July 15. The price fell by 2.86% compared with last week and increased by 15.65% compared with the same period last year.
In the early stage, because aniline was near the cost line, the price was supported by the cost side. In addition, at the end of June, aniline plants were shut down for maintenance, the supply was reduced, and the price of aniline was strong. This week, as the operating rate rose slightly, and pure benzene fell with crude oil, aniline support weakened, and prices corrected downward in a narrow range.
| Gamma-PGA (gamma polyglutamic acid) |
3、 Aftermarket expectations
In terms of cost, pure benzene is still supported in the short term due to tight supply. If crude oil and the external market continue to fall, pure benzene may still fall.
In terms of nitric acid, due to the continued weakness of the raw material market of liquid ammonia and the flat delivery of nitric acid, the price of nitric acid is expected to decline slightly in the short term.
At present, the inventory of aniline enterprises is acceptable. A 100000 ton unit in Nanhua is shut down. The Jilin Cornell unit is expected to restart at the end of the month. The supply side support is acceptable. The downstream rigid demand is mainly expected, and the short-term narrow range consolidation of aniline is expected to be the main. If crude oil and pure benzene continue to fall, it may drive aniline to fall. Pay attention to the trend of raw materials, downstream demand and the impact of aniline plant dynamics on aniline prices.
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