Price Trend
According to the data of business associations, the market price of aniline in Nanjing this week rose by 100 yuan/ton less than last week, an increase of 1.6% compared with last week, while the price in Shandong remained stable. The mainstream price in Shandong is 5730 yuan/ton, while that in Jiangsu is 6150 yuan/ton.
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II. Analytical Review
Raw Material: This week, the domestic pure benzene market is very enthusiastic. Monday was the beginning of the month, as the contract delivery task was completed at the end of June, the enthusiasm for market surge eased. On Tuesday, news began that South Korea exported only 20,000 tons of pure benzene to China in June, and the stock of East China Port declined, boosting the market, the market sentiment was strong.
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Product: The raw material pure benzene market is in a strong mood of speculation. The bidding price of pure benzene of main aniline enterprises is higher than last week. The cost of aniline is upside down, but the downstream follow-up is insufficient. The aniline shipment is general.
Downstream: This week, MDI rose sharply and then fell, up 0.81% from last week as a whole.
III. Future Market Expectations
Sinopec’s listing price still lags behind the spot market. There is still much room for the increase of listing price in July, which boosts the market. Moreover, the inventory of East China Port has been declining, and the pick-up speed has been significantly improved compared with the previous period, and the market is expected to be further supported.
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Due to high temperature and environmental protection inspection, the downstream start-up rate is not high, and the demand for aniline is light. But at present, the cost pressure of aniline is enormous, and there is a certain upstream space.
Aniline is expected to rise steadily next week.