1、 Price trend

According to the commodity market analysis system of Business Society, the price of aniline has slightly decreased this month, and the price has remained relatively stable since mid month. On January 1st, the market price of aniline was 10887/ton; On January 31st, the price was 10350 yuan/ton. The average price of aniline this month decreased by 4.93% compared to the beginning of the month and increased by 0.97% compared to the same period last year.

2、 Analysis and Review

In terms of raw materials, the overall pure benzene market has been on the rise this month, and prices will generally rise in the later period. 1、 Crude oil has seen a broad decline, but the cost side is insufficient. 2、 The arbitrage window of Asia US has closed, and the domestic price of pure benzene in China is low, resulting in a low import volume of pure benzene in January. And the overall supply of pure benzene in the market is insufficient. 3、 The downstream profitability is poor, and the price of styrene is in an upward trend, with a 2.82% increase compared to the beginning of the month. At the beginning of the month, the price of pure benzene was 7128 yuan/ton; At the end of the month, the price was 7955 yuan/ton, with a 10.21% increase compared to the beginning of the month and an 11.64% increase compared to the same period last year.

Nitric acid: The price of nitric acid has slightly decreased this month. At the beginning of the month, the price of nitric acid in East China was 2200 yuan/ton, and at the end of the month, it was 2020 yuan/ton. The price decreased by 8.18% compared to the beginning of the month and 19.71% compared to the same period last year.

In January of this year, the price of aniline significantly declined, with a sharp decline before mid month. Approaching the end of the festival, some downstream factories are stocking up in advance, and the shipment of aniline factories is smooth. Inventory pressure is relatively low, and it is expected that aniline will stabilize and increase slightly. 3、 Future Market Forecast

Pure benzene will be delivered at the end of the month, and the spot resources at the port are tight, causing a significant increase. The supplementary orders are mainly small orders, and the final spot buying price is 8000 yuan/ton. Shandong’s weekend refineries sold well at low prices, with most businesses looking bullish in the future. Shandong’s pure benzene was sold in large quantities.

Pure benzene: Buying gas in the East China market has fallen, and prices have declined. There is a stalemate in buying gas in Shandong region, and intraday transactions tend to be in high demand. The willingness to stock up downstream in the region before the holiday is average, and overall transactions are poor. Crude oil and overnight trading fell, and it is expected that East China pure benzene will weaken and consolidate in the morning. The fundamentals of aniline are relatively strong, and we will continue to pay attention to the trend of cost, changes in downstream demand, and changes in the operating rate of aniline units in the future.