1、 Price trend
| Chitosan oligosaccharide |
According to the data of the trade agency’s bulk list, the aniline has softened by a wide margin this week. On August 5, the price in Shandong was 10900-11130 yuan / ton; The price of aniline in Nanjing is 11200-11600 yuan / ton; On August 12, the price in Shandong was 10100-10300 yuan / ton; The price of aniline in Nanjing is 10400-11200 yuan / ton, down 7.26% from last week and 2.31% from the same period last year.
2、 Analysis and comment
On the cost side, pure benzene: on the cost side, crude oil rose as a whole this week, which has certain support for pure benzene. Supply side: the shutdown and maintenance devices in the early stage are restarted in succession, and the market supply is expected to increase in the later stage. The import cargo increased, and the inventory of pure benzene in East China port this week increased by 7000 tons to 31000 tons compared with last week. Demand side: most of the downstream units are in deficit, the unit shutdown decreases greatly, the operating rate decreases as a whole, and the demand for pure benzene weakens. On Friday (August 12), the price of pure benzene was 7950-8200 yuan / ton (the average price was 8042 yuan / ton), which was 3.31% lower than last week and 6.94% higher than the same period last year.
| Gamma-PGA (gamma polyglutamic acid) |
Nitric acid: the domestic nitric acid dropped significantly this week. On August 5, the domestic production price of nitric acid was 2683 yuan / ton, and on August 12, the price was 2533 yuan / ton, down 5.59% from last week and 18.19% from the same period last year.
Pure benzene and nitric acid entered the downward channel from the beginning of July, and the raw material end continued to decline; The downstream demand in July and August was general, and it was just needed to follow up. The fundamentals of aniline tend to be soft, and enterprises make profit to ship, and the price has been lowered several times during the week.
3、 Future market expectation
In terms of cost, in terms of pure benzene, the operating rate of pure benzene unit is increased. In addition, the import of pure benzene in the later period is increased, and the supply of pure benzene is expected to increase in the future due to the ports or accumulated warehouses in East China. In addition, the downstream demand for pure benzene is relatively soft, the contradiction between supply and demand is prominent, the pure benzene market is concentrated, and the price is easy to fall but difficult to rise.
In terms of nitric acid, the demand for nitric acid is not good, and it is expected that the operation will be weak in the short term.
The fundamentals of aniline tend to be soft, the profit margin still exists, and the market wait-and-see is aggravated. If raw materials continue to fall, aniline may follow the weakness. Pay attention to the trend of raw materials, downstream demand and the impact of Aniline Unit dynamics on aniline price.
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