Aniline stabilized after rising this week (2022.9.13-9.16)

1、 Price trend

 

Chitosan oligosaccharide

According to the data of the bulk list of business agencies, aniline was stable after rising this week. On September 9, the price in Shandong was 11400-11600 yuan/ton; The price of aniline in Nanjing is 11700-12000 yuan/ton; On September 16, the price in Shandong was 11600-11800 yuan/ton; The price of aniline in Nanjing was 12000-12300 yuan/ton, 1.95% higher than last week and 8.8% higher than the same period last year.

 

2、 Analysis and review

 

On the cost side, pure benzene: Affected by the typhoon weather, the arrival of ships at the port was delayed, and the shipment in Shandong was good, so pure benzene rose after the festival. However, the crude oil fell sharply, coupled with the softening of styrene, driving the center of gravity of pure benzene to weaken, and near the weekend, pure benzene fell back slightly. This week, the port inventory of pure benzene in East China increased by 5000 tons to 64600 tons compared with last week, and the port inventory continued to accumulate. On Friday (September 16), the price of pure benzene was 7750-7950 yuan/ton (the average price was 7817 yuan/ton), 0.64% higher than that of last week and 10.04% lower than that of the same period last year.

 

Nitric acid: cost support, downstream price rise, good for nitric acid price, domestic nitric acid continued to rise this week. The price was 2200 yuan/ton on September 9 and 2267 yuan/ton on September 16. The price was 3.03% higher than last week and 26.64% lower than the same period last year.

 

Pure benzene rose first and then fell, nitric acid rose, and the cost rose as a whole. The downstream demand is fair, the inventory of aniline manufacturers in the north is low, Jiangsu Yangnong in East China has not been restarted, and the contract of Nanhua is dominated, the spot supply of aniline market is tight, and the price continues to rise supported.

 

Gamma-PGA (gamma polyglutamic acid)

3、 Future market expectation

 

In terms of cost and pure benzene, Fuhaichuang and Hainan Refining&Chemical aromatics plants were restarted this week, and the operating rate of pure benzene increased; Under the influence of the typhoon, it is estimated that the number of ships arriving at Hong Kong next week is still low; And near the National Day holiday, downstream stock or support the price of pure benzene.

 

In terms of nitric acid, supported by cost and demand, it is expected that the short-term trend of nitric acid will be stronger.

 

Some aniline plants are still in parking, and the supply in the site is still tight in the short term. Downstream demand continues and the supply and demand side is favorable. On the whole, short-term aniline continued strong trend. Pay attention to the trend of raw materials, downstream demand and the impact of aniline device dynamics on the price of aniline.

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