Demand weakened and aniline prices stabilized after falling this week (November 8-november 12, 2021)

1、 Price trend

Benzalkonium chloride

According to the bulk list data of business society, aniline stabilized after a wide decline this week. On November 5, the price in Shandong was 14000-14260 yuan / ton, and the price of aniline in Nanjing was 14500 yuan / ton; On November 12, the price of aniline in Shandong was 13500-13780 yuan / ton, and that in Nanjing was 14000-14500 yuan / ton. The price decreased by 3.53% compared with last week, increased by 73% at the beginning of the year, and increased by 106.03% compared with the same period last year.

2、 Analysis and review

In terms of cost, pure benzene fell this week due to the weakening of crude oil and styrene. Planned overhaul of Fujian United Petrochemical Unit within the week, and expected reduction of pure benzene supply; New production capacity is planned to be put into operation in the downstream, with good support from the supply and demand side and small decline in the week. This week, the price of Sinopec pure benzene remained stable at 8300-8400 yuan / ton. On Friday (November 12), the price of pure benzene was 7450-7650 yuan / ton (the average price was 7570 yuan / ton), and the average price decreased by 30 yuan / ton or 0.39% compared with last week; Compared with the same period last year, it increased by 91.16%.

Nitric acid fell continuously and broadly this week. On Friday (November 12), the production price of nitric acid in East China was 3000 yuan / ton, down 8.72% from last week and up 85.57% from the same period last year.

Both raw materials fell, and the cost support of aniline weakened; Downstream resistance to high priced aniline increased, follow-up weakened, and the high price of aniline corrected. During the week, the market cautiously watched the downstream pick-up sentiment and stabilized after falling.

3、 Future expectations

In terms of cost, crude oil is expected to fluctuate on the cost side, and the guidance for pure benzene is weak; The trend of downstream styrene is weak, but there are plans to put new production capacity into operation, and the demand for pure benzene is expected to increase in the later stage. The supply and demand side pays attention to the dynamics of large units in East China and the dynamics of new units in the downstream. Overall, it is expected that pure benzene will continue to fluctuate weakly next week.

At present, the market is cautiously watching the downstream purchasing sentiment. Dongying Huatai and Shandong Jinmao aniline plants are restarted, and Jinling plant is planned to be overhauled, which may affect the trend of aniline. Continue to pay attention to the trend of raw material, downstream demand and the dynamics of aniline plant.

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