Driven by the cost side, aniline prices rose continuously this week (June 6-june 10, 2022)

1、 Price trend

 

Chitosan oligosaccharide

According to the data of the bulk list of the business community, aniline rose continuously this week. On June 2, the price in Shandong was 11200-11430 yuan / ton, and the price of aniline in Nanjing was 11800 yuan / ton; On June 10, the price in Shandong was 11700-11930 yuan / ton; The price of aniline in Nanjing was 12500 yuan / ton, up 5.51% over last week and 30.64% over the same period last year.

 

2、 Analysis and comment

 

On the cost side, pure benzene: this week, pure benzene rose strongly. External factors: the recent strong rise in international crude oil, coupled with the rise in the price of pure benzene in the US gold plate, drove the rise of pure benzene in Asia. Positive external news gave strong support to the domestic pure benzene market. Domestic factors: due to the high external price, the import of pure benzene in East China port decreased, the inventory continued to decline, and the shortage of deliverable inventory led to strong short pressure and rising prices. In addition, in the early stage of the main refinery, due to production cost factors, the output of pure benzene decreased and the price remained high. With multiple positive effects, pure benzene exceeded 10000 yuan. On Friday (June 10), the price of pure benzene was 9900-10050 yuan / ton (the average price was 9984 yuan / ton), an increase of 8.91% over last week and 28% over the same period last year.

 

Nitric acid: domestic nitric acid stabilized after rising this week. On June 2, the domestic production price of nitric acid was 2683.33 yuan / ton, and on June 10, it was 2800 yuan / ton. The price increased by 4.35% compared with last week and 23.53% compared with the same period last year.

 

Gamma-PGA (gamma polyglutamic acid)

Boosted by the positive cost side, aniline rose continuously this week. However, due to the rapid rise of pure benzene, the increase of aniline was less than that of pure benzene, and the cost pressure of aniline increased.

 

3、 Aftermarket expectation

 

In terms of cost and pure benzene, the short-term crude oil and external price are still high, and under the influence of external price, the East China port will continue to have low inventory. However, under the pressure of high cost, economic production reduction in the downstream and the arrival of summer maintenance season for main products will lead to negative demand for pure benzene in the future. In general, pure benzene still operates at a high level, but there is no lack of callback possibility.

 

In terms of nitric acid, the supply of nitric acid is tight, and the price of nitric acid is expected to be strong.

 

At present, there is no inventory pressure for aniline enterprises. Enterprises are watching the downstream to buy gas and rising cautiously. Pay attention to the trend of raw materials, downstream demand and the impact of aniline plant dynamics on aniline prices.

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