1、 Price trend

According to the price monitoring of the business agency, the domestic spot price of polyester staple fiber showed a stable trend this week (12.4-12.11). As of December 11, the average price of domestic polyester staple fiber spot market was 5728 yuan / ton, which was the same as last Friday, with a year-on-year decrease of 17.44%. A few manufacturers have slightly increased their prices. In the futures market, the staple short fiber Futures (2105) closed higher at 6228 on December 11, up 136, or 2.3%, from 6092 on Friday. Crude oil shock higher and PTA shock rebound driven polyester staple fiber futures rebound, raw materials and futures rebound led to spot production and sales rebound, but affected by demand constraints, polyester staple fiber spot is difficult to continue to strengthen.

2、 Factors affecting prices

1. PTA: domestic PTA spot market rebounded slightly this week. At the end of this week, the average price of domestic PTA spot market was 3498 yuan / ton, up 2.07% compared with last Friday, and decreased by 28.26% year on year. Crude oil prices rose on the back of oil production cuts announced by oil producing countries, the positive news of the new crown vaccine and the bomb attack on oil wells in Kirkuk Province, Iraq. Crude oil rose, cost support enhanced, boosting PTA price rebound.

 
2. Ethylene glycol: the domestic ethylene glycol spot market rose this week. At the end of this week, the average ex factory price of oil to ethylene glycol in North China was 3883 yuan / ton, up 1.76% from last Friday and down 22.85% year on year. Due to the planned overhaul of Fude energy plant, port inventory in the main port area of East China decreased, crude oil went up, costs rose and glycol prices rebounded. However, downstream chemical fiber weaving market gradually into the off-season, production and sales fall, glycol or re-appear accumulation, market downward pressure increases.

 
3. Polyester yarn: the domestic polyester yarn market is running smoothly this week. At the end of this week, the average spot price of 32S polyester yarn in Jiangsu, Zhejiang and Shanghai was about 13375 yuan / ton, which was the same as last week, with a year-on-year decrease of 7.25%. The downstream market prepared goods for the new year, but the orders for the shopping festival were gradually completed, the follow-up orders were weak, the start-up of looms declined, the polyester yarn market was stable and weak, the quotation of vortex spinning was stable, the spot sales without orders was also gradually weakened, and the inventory of polyester yarn enterprises was higher than before.

3、 Future forecast

Business agency analysts believe that the recent shock rise in crude oil, good market production and sales, upstream raw material prices strong support for costs. However, the downstream market “double 11″ and “double 12″ orders gradually entered the traditional off-season, the new orders were not good, the polyester yarn mill inventory was high, and the weaving start-up rate decreased. After the hot spot production and sales of staple fiber, the inventory level rose, and the short-term follow-up purchasing enthusiasm may weaken, and the wait-and-see mood increases. It is expected that the future staple fiber spot market will enter the accumulation stage, and if the spot price is not driven by futures, there may be a downward trend. However, the current trend of crude oil is strong, short-term fiber futures or continue to show a strong oscillation trend.

According to the data monitored by the business agency, the domestic PP market declined in the first ten days of December, and the spot prices of various brands mainly fluctuated. As of December 10, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 8733.33 yuan / ton, a decrease of 3.68% compared with the average price at the beginning of the month.

Cause analysis

In terms of propylene upstream of PP, according to the price chart of business agency, the price of propylene rose continuously in late November, with an increase of more than 12%. Prices held steady again from the end of the month to the beginning of the month. According to the data from the bulk list of business cooperatives, the price was lower on December 3, 7735 yuan / ton; on the 4th, it began to show a comprehensive upward trend, and continued to rise on weekends, with the price of 8095 yuan / ton on the 7th day and 8171 yuan / ton on the 10th day. At present, the market turnover has risen to 8050 ~ 8200 yuan / ton, and the mainstream price is about 8100 yuan / ton. In the early stage, some manufacturers temporarily stopped propylene plant, but production has not been resumed. Now, the manufacturer’s inventory is not under pressure, and the shipment situation is good. Generally speaking, the crude oil price is up, the downstream market is general, and some downstream operating rates are slightly increased. Therefore, it is expected that the propylene price may continue to rise in the near future due to limited propylene production and favorable crude oil.

At present, the propylene market is mainly positive, which has certain support for the cost side of PP. According to the data monitored by the business agency, the market of PP (drawing) in the first ten days of December was mainly organized, and some brands showed a certain decline. Due to the low inventory of PP in November, futures rose sharply, and the current PP has been at a high level. As a representative of plastic knitting enterprises, the downstream cost pressure increases, the profit space is compressed, and the resistance is generally intensified. Some factories have plans to reduce production and reduce burden, and the delivery of goods has shrunk. There is resistance to the seller’s shipment, and the overall price is weak. In addition, the new unit was put into operation. At present, the domestic polypropylene operating rate is high, and the supply is significantly increased, which is detrimental to the spot market.

According to the data monitored by the business agency, as of December 10, the mainstream offer of Z30S (fiber) of domestic manufacturers and traders has dropped slightly compared with the beginning of the month, and the price is about 8816.67 yuan / ton, which is 2.76% lower than the average price at the beginning of the month. Due to the growth of domestic restorative consumption in November, the price of fiber materials has increased to a certain extent. At present, the price of fiber PP is also at a high level. At present, PP futures run in shock, and the thrust on spot is slightly insufficient. According to reports, this week, polypropylene downstream total start narrow decline, while the downstream wait-and-see atmosphere gradually rise, negative demand side. The price of far upstream crude oil has recently been boosted by news such as Iraq’s attack, thus benefiting the chemical industry chain. At present, there is a lack of guidance in the market. It is expected that the price of fiber materials will be adjusted in the near future.

At the beginning of December, PP meltblown material market fluctuated, finishing the market mainly, and the price trend was dominated by supply and demand. As of the 10th, the average quotation of pph-y1500 sample enterprises monitored by the business agency was 10900 yuan / ton, and the price was temporarily stable. China has entered the stage of strict prevention, control and prevention in the fourth quarter. In addition to a small-scale rebound in some areas, the situation is generally stable. The demand for epidemic prevention materials is stable, but the overall price trend is weak. The supply side of meltblown cloth and material manufacturing market is surplus and the profit is diluted seriously. It is said that many enterprises stopped production at the end of last month. The second outbreak trend of overseas epidemic is obvious, and many countries emphasize to announce the strict closure of cities during Christmas. The price trend of imported materials is still stable, but there is still a small demand for imported materials.

Future forecast

PP business agency analysts believe: early December domestic PP spot market slightly down. Upstream propylene market continued to be positive, there was support for PP cost side. At present, the market of PP drawing material and fiber material is stable after falling, and the decline of PP (melt blown) tends to be stable. At present, the load of downstream factories is decreasing, and the purchasing is against the high price goods source, and the transaction becomes weak. Merchants make profit and take delivery actively. It is expected that the near future PP spot or will be affected by the cost support and weak demand pull and shock operation.

1、 Melamine price trend

(Figure: P value curve of melamine product)

2、 Market analysis

Melamine market is weak in recent years. According to the monitoring sample data of business agency, as of December 9, the average price quoted by melamine enterprises was 7200 yuan / ton, which was 3.14% lower than that of last Wednesday (December 2), 14.89% higher than that of November 9, and 34.16% higher than that of the same period of three months.

At present, the melamine operating rate is high, and the overall market supply is relatively sufficient, but the demand side is low. Under the influence of local downstream environmental protection control, the construction is limited, and the negative factors in the market are around, and the melamine price is under pressure. At present, the mainstream quotation of melamine in Shandong is around 7000 yuan / ton, that in Xinjiang is around 6400 yuan / ton, and that in Sichuan is around 7000 yuan / ton. The quotation is for reference only, and the actual price shall prevail.

Upstream urea, Shandong urea market rose on December 9. The recent high-level consolidation of upstream liquid ammonia has a good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply.

On December 8, the commodity price index of urea and melamine was 98.50, which was the same as yesterday, decreased by 28.23% from 137.25 (2020-04-21), and increased by 22.73% from the lowest point of 80.26 on October 14, 2013. (Note: period refers to 2012-01-01 to present)

According to the price monitoring of business agency, on December 8, 2020, there were 23 kinds of commodities in the list of commodity price rise and fall on December 8, 2020. Among them, 1 kind of commodity increased by more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities were acetic acid (5.62%), maleic anhydride (4.48%) and acetone (4.41%). There were 10 kinds of commodities that declined on a month on month basis, with chloroform (- 2.70%), propylene glycol (- 2.37%) and styrene (- 1.65%). The average rise and fall was 0.38%.

3、 Future forecast

Melamine analysts in the business agency believe that at present, the supply of melamine market is sufficient, but the purchasing intention of downstream manufacturers is weak and the demand is weak. It is expected that in the short term, the melamine market will be dominated by weak operation, and the specific trend needs more attention to market information guidance.

According to the monitoring of bulk data of business agency, affected by the shortage of market supply, the domestic acetic acid market rose sharply, with an increase of more than 500 yuan / ton in three days. As of December 9, 4300-4450 yuan / ton in Shandong, 5200-5300 yuan / ton in Jiangsu, 5300-5400 yuan / ton in Zhejiang, 4600-4750 yuan / ton in Henan, 4450-4500 yuan / ton in Hebei and 4200-4350 yuan / ton in Northwest China In South China, 5300-5400 yuan / ton, an overall increase of 28.77% compared with the beginning of the month.

Unit capacity (10000 t / a) unit output (T / D)

Yankuang Guotai 110.1500

Hualu Hengsheng 50.1500

Yangzi BP 50 12.2 stop

Jiangsu Sopu 120 3300

Celanese 120.3000

Jiantao, Hebei, 50.1400

Tianjin Bohua 35.1000

Henan Shunda 40.1400

Henan Longyu 50.1500

Henan Yima 25 parking

Shaanxi Yanchang 40.1300

Shanghai Huayi 70.1800

Anhui Huayi 50.1300

Dalian Hengli 35.1300

At present, the domestic acetic acid market continues to be strong and has reached the highest price in the year. The East China region has broken through the 5000 yuan / T barrier. Nanjing Yangzi bp500000 tons / year load was placed on December 2 for maintenance. The overall supply of the market continued to be tense. It is difficult to fill the supply gap in a short period of time. The manufacturers are mostly on contract, and the spot is hard to find. In addition, the overall inventory of the industry is low, so the enterprises are willing to support the price Strong, bullish attitude, traders hoard goods to sell.

On the other hand, with the effective promotion of the epidemic prevention and control measures, the downstream market of acetic acid gradually returned to normal, and the demand support was good. Among them, PTA, vinyl acetate, chloroacetic acid and some acetate industries started to operate at a high level, especially after the PTA Market production expanded, more than 90% of the projects were started recently, and the strong domestic demand stimulated the acetic acid market to continue to climb; the export-oriented market began to return after a short-term good As usual, the overall export in 2020 is expected to be lower than that in previous years.

The methanol market is high and volatile, and the overall transaction volume is light. The release of enterprise equipment maintenance news has a certain positive support for the market. The future market should pay attention to the impact of gas restriction on the supply side. At present, Shandong Province is about 2110 yuan / ton.

Recently, affected by the sharp rise of acetic acid price in Asia, the overall performance of the international acetic acid market is strong. At present, the Asian acetic acid market is about 490-540 USD / T; the European market is about 560 EUR / T; and the North American market is about 490 USD / T.

However, the domestic acetic acid manufacturers are not expected to continue the short-term supply situation of acetic acid manufacturers, and the domestic market is hard to continue 。

1、 Price trend

According to the price monitoring of the business association, on December 9, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13933.33 yuan / ton, up 0.72% compared with the beginning of the month, 3.21% higher than the beginning of the month, and 9.13% lower than that at the beginning of the year.

2、 Market analysis

In the first ten days of December, the salicylic acid market continued to improve, and the enterprises kept rising steadily, but the increase was not large. At present, the downstream demand is stable, manufacturers start high, export and domestic trade orders increase, and enterprise inventory is not under pressure. After adjustment, the trend of salicylic acid is relatively stable in the short term. As of December 9, the quotations of salicylic acid industrial enterprises are mostly in the range of 12000-15000 yuan / ton, the quotations of pharmaceutical grade are mostly in the range of 23000-25500 yuan / ton, and the quotations of sublimation level are mostly in the range of 15000-20000 yuan / ton. The actual transaction is mainly through negotiation, and the quantity is preferred.

For raw material phenol, at present, the downstream buyer is not good, the delivery is cautious, the pressure of shippers is increasing, the profit-making shippers’ low intention is increasing, and the market negotiation focus gradually moves down under the condition of poor trading. On December 9, the phenol Market in East China was relatively calm, with an offer of 6700-6800 yuan / T. the carrier’s offer was lower, the market atmosphere was not good, the downstream inquiry was less, and the enthusiasm of entering the market was positive Not high. At present, the transaction has not been heard, and the actual order needs to be improved.

3、 Future forecast

Salicylic acid analysts of the business agency believe that: at present, the downstream demand is stable, manufacturers start high, export and domestic trade orders are increasing, and enterprise inventory is not under pressure. After the adjustment, we will wait and see the market reaction, and it is expected that the trend of salicylic acid will be relatively stable in the short term.

1、 Price trend

According to the data of the business club’s bulk list, the domestic market price of toluene rose this week, with the price of toluene at 3580 yuan / ton on November 29 and 3722 yuan / ton on Sunday (December 6), up 142 yuan / ton or 3.97% compared with last week.

2、 Analysis and comment

This week, the domestic toluene market is mainly supported by crude oil, showing a broad upward trend. The listed price of toluene in Sinopec’s North China, South China and East China increased by 150 yuan / ton, and the listing price of enterprises in Central China increased by 300 yuan / ton. Port inventory slightly decreased, but still at a high level, the pressure to the warehouse does not reduce. Market oversupply, downstream blending oil and solvent demand is general.

In terms of crude oil, this week’s crude oil showed a trend of first falling and then rising, which was higher than that of last week. The new crown vaccine has made new progress, and OPEC + has reached a decision to gradually increase crude oil production, bringing benefits. Compared with November 27, Brent rose $1.85/barrel, or 3.93%; WTI rose by $0.71/barrel, or 1.55%. Compared with December 31, 2019, Brent decreased by 26.8%, and WTI decreased by 23.61%.

Downstream: in terms of TDI, the price continued to decline this week, with cautious market mentality and weak trading atmosphere. The implementation of domestic goods was 12700 yuan / ton, down 100 yuan / ton compared with last week. It is expected that the short-term TDI market will continue to be weak.

In terms of PX market, Sinopec’s listed price this week was about 4300 yuan / ton, which was stable compared with last week.

3、 Future forecast

According to toluene analyst of chemical branch of business agency: first look at the supply cost side, OPEC + production reduction implementation, total number of us oil drilling and weekly EIA, API inventory data. Second, on the demand side, the impact of the worsening global epidemic situation on crude oil demand, the progress of industrial chain recovery, the economic and trade situation of Europe and the United States and the progress of economic recovery and rescue plan. Third, look at the geopolitical situation in the Middle East and China and the United States, the progress in the research and development of new coronal vaccine, the linkage between the US dollar index and the stock market. The future market will focus on the new progress of the new crown vaccine and the related progress of the US economic stimulus plan. Overall, toluene is expected to continue to rise in the domestic market next week.

1、 Price trend

According to the business club’s big list data, the domestic xylene market price rose this week. The xylene price was 3640 yuan / ton on November 29, and 3860 yuan / ton on Sunday (December 6), up 220 yuan / ton or 6.04% compared with last week.

2、 Analysis and comment

This week, the domestic xylene market is mainly supported by crude oil, showing a broad upward trend. The listed price of toluene in Sinopec’s North China, South China and East China increased by 150 yuan / ton, and the listing price of enterprises in Central China increased by about 200 yuan / ton. The port inventory is high. At present, the port inventory in East China is about 117000 tons, down 6000 tons compared with last week. The pressure to go to the warehouse is not reduced. Market oversupply, downstream Px, gasoline blending demand is general.

In terms of crude oil, this week’s crude oil showed a trend of first falling and then rising, which was higher than that of last week. The new crown vaccine has made new progress, and OPEC + has reached a decision to gradually increase crude oil production, bringing benefits. Compared with November 27, Brent rose $1.85/barrel, or 3.93%; WTI rose by $0.71/barrel, or 1.55%. Compared with December 31, 2019, Brent decreased by 26.8%, and WTI decreased by 23.61%.

Downstream, in terms of PX market, the listed price of domestic Sinopec’s enterprises was about 4300 yuan / ton this week, which was stable compared with last week. The PX unit of Sinopec was shut down for maintenance for two months.

In terms of PTA market, PTA prices in East China decreased slightly and then rose this week, with an overall increase of 86.25 yuan / ton or 2.58% compared with last week.

In terms of ox market, ox prices in East China rose by 140 yuan / ton or 4.46% over last week.

3、 Future forecast

Xylene analysts of the chemical branch of the business society think: look at the supply cost side, the implementation of OPEC + production reduction, the total number of us oil drilling and weekly EIA, API inventory data. Second, on the demand side, the impact of the worsening global epidemic situation on crude oil demand, the progress of industrial chain recovery, the economic and trade situation of Europe and the United States and the progress of economic recovery and rescue plan. Third, look at the geopolitical situation in the Middle East and China and the United States, the progress in the research and development of new coronal vaccine, the linkage between the US dollar index and the stock market. The future market will focus on the new progress of the new crown vaccine and the related progress of the US economic stimulus plan. Overall, xylene in the domestic market is expected to continue to rise next week.

According to the monitoring data of the business agency, the hydrogen peroxide market began to improve in December after the sharp drop in November, and the price rebounded after hitting the bottom. As of December 8, the average price of hydrogen peroxide market was 1333 yuan / ton, which was 1.78% higher than that in early December.

According to the monthly rise and fall chart of hydrogen peroxide from January to November in 2020, it can be seen that the price of hydrogen peroxide in the first 11 months is still falling more or less, with a large drop in February, April and November, with a maximum of more than 18% in February and a decrease of nearly 10% in November. The decline in March, may and August was relatively small. Prices rose mainly in January and June, September and October, with the largest increase of more than 30% in June.

In November, hydrogen peroxide finished the gold, silver and ten market and ushered in a sharp drop. In December, hydrogen peroxide stopped falling and recovered. As of December 8, hydrogen peroxide rose by nearly 2%.

Terminal demand increases, hydrogen peroxide Market stops falling and recovers

As the hydrogen peroxide market dropped by nearly 10% in November, the terminal caprolactam market rose in December. The enthusiasm for purchasing hydrogen peroxide increased, and the inventory of hydrogen peroxide manufacturers was at a low level. In addition, due to the large drop of hydrogen peroxide in November, the manufacturers were more concerned about supporting the price. The price of hydrogen peroxide began to pick up, and the situation continued to rise. As of December 8, the average price of hydrogen peroxide Market broke through 1300 yuan, and the price rose by 1.7% 8%。 The mainstream quotation in Hebei Province is 1350 yuan / ton, and the price is increased by 50 yuan / ton; the mainstream quotation in Anhui Province is 1370 yuan / ton, and the price is increased by 40 yuan / ton; the mainstream quotation in Shandong Province is 1280 yuan / ton, and the price is increased by 30 yuan / ton.

On December 8, the commodity price index of hydrogen peroxide and caprolactam was 177.65, which was 3.97 points lower than yesterday, 18.93% lower than 219.12 points (October 27, 2020), and 97.72% higher than 89.85 points, the lowest point on January 29, 2019. (Note: cycle refers to the period from January 1, 2019 to the present)

Since December, the cost side of the supply side is double positive, the domestic caprolactam price is rising, and the caprolactam operating rate is still not high, Shandong Haili, which has been shut down for maintenance in the early stage, has not been restarted. The end time of orchid scientific innovation maintenance plan is not clear, and the pattern of tight supply remains unchanged. In addition, the operating rate of downstream PA6 is still acceptable, and caprolactam continues to be supported by the supply side. Large domestic caprolactam factories generally increased the ex factory price, the price rose by more than 2%. The market of terminal caprolactam rose sharply and the demand for hydrogen peroxide increased, which boosted the market of hydrogen peroxide.

Li Bing, hydrogen peroxide analyst of business agency, believes that: hydrogen peroxide in December ended the sharp drop in November and ushered in rising sentiment. With the support of terminal demand, there is still room for hydrogen peroxide Market to rise in the future.

1、 Price trend

According to the business club’s big list data, the price of pure benzene this week showed an upward trend. On November 29, the price of pure benzene was 4050-4550 yuan / ton (average 4146 yuan / ton); on Sunday (December 6), the price of pure benzene was 4280-4550 yuan / ton (the average price was 4376 yuan / ton), which was 186 yuan / ton or 4.44% higher than last week.

2、 Analysis and comment

In November, pure benzene rose first and then fell following the trend of styrene price. From the end of November, the main influencing factors of pure benzene price changed from styrene to crude oil and external market. With the recovery of European and American prices, the arbitrage window of Asia and the United States opened, and Asian prices rose sharply. The good news will drive the focus of domestic pure benzene market negotiation higher. This week, domestic pure benzene market negotiation atmosphere is good. From November 26 to December 6, Sinopec’s listed price of pure benzene increased by 400 yuan / ton to 4400 yuan / ton. This week, Sinopec raised the listing price of pure benzene twice, from 200 yuan / ton to 4400 yuan / ton.

In terms of external market, on Friday (December 4), South Korea imported 654.33 US dollars / ton of pure benzene, up 64.33 US dollars / ton, or 10.9% compared with November 27; and East China imported 620 US dollars / ton of pure benzene, up 35.5 US dollars / ton, or 6.07% compared with November 27.

In terms of crude oil, this week’s crude oil showed a trend of first falling and then rising, which was higher than that of last week. Compared with November 27, Brent rose $1.85/barrel, or 3.93%; WTI rose by $0.71/barrel, or 1.55%. Compared with December 31, 2019, Brent decreased by 26.8%, and WTI decreased by 23.61%.

Downstream: styrene: domestic plant restart increased, spot supply increased, downstream production and sales declined, demand weakened, combined with the fall of futures depressed the spot market, domestic styrene price rose slightly this week and then weakened. On Friday (December 4), the price of sample enterprises was 8200 yuan / ton, down 216.67 yuan / ton or 2.57% compared with last Friday, and the price increased by 10.56% compared with the same period last year.

Aniline: the inventory of aniline enterprises is generally not high, the volume of spot export is limited, and the support brought by the rising cost, the price of aniline this week increased by 100-150 yuan / ton. The price of aniline rose to the end of the week, and the prices of some Shandong enterprises dropped slightly by 100 yuan / ton. On December 6, the price of aniline in Shandong was 7500-7600 yuan / ton, while that in Nanjing was 7750-7850 yuan / ton.

3、 Future forecast

In terms of crude oil, the recent news of vaccine is good, and OPEC and its allies have reached a compromise agreement to gradually increase production. The crude oil price is well supported, and the trend is expected to be stronger next week.

Crude oil, external prices are expected to be strong. With the recovery of external prices in Europe and the United States, the arbitrage windows in Asia and the United States have opened one after another, and the prices of external markets in Asia may continue to rise, further boosting the recovery of the domestic market. Downstream styrene is mainly de stocked with strong support. It is expected that the trend of pure benzene will be stronger next week.

1、 Price trend

According to the business club’s big list data, aniline prices rose slightly this week, fell back over the weekend, and the overall price rose compared with last week. On November 29, the price of aniline in Shandong was 7400-7600 yuan / ton, and that in East China was 7600-7700 yuan / ton; on December 6, the price of aniline in Shandong was 7500-7600 yuan / ton; in Nanjing, the price of aniline was 7750-7850 yuan / ton, the average price was 1.11% higher than last week and 21.54% higher than the same period last year.

2、 Analysis and comment

In terms of cost, pure benzene rose first and then fell following the trend of styrene price in November. From the end of November, the main influencing factors of pure benzene price changed from styrene to crude oil and external market. With the recovery of European and American prices, the arbitrage window of Asia and the United States opened, and Asian prices rose sharply. The good news will drive the focus of domestic pure benzene market negotiation higher. This week, domestic pure benzene market negotiation atmosphere is good. From November 26 to December 6, Sinopec’s listed price of pure benzene increased by 400 yuan / ton to 4400 yuan / ton. This week, Sinopec raised the listing price of pure benzene twice, from 200 yuan / ton to 4400 yuan / ton. This Sunday (December 6), the price of pure benzene was 4280-4550 yuan / ton (the average price was 4376 yuan / ton), which was 186 yuan / ton higher than last week, or 4.44%.

The price of nitric acid rose this week. On Friday (December 6), the production price of nitric acid in East China was 1900 yuan / ton, which was 100 yuan / ton higher than last week, or 5.56%.

The inventory of aniline enterprises is generally not high, and the volume of spot export is limited. In addition, the support brought by the rising cost, the price of aniline has increased by 100-150 yuan / ton this week. The price of aniline rose to the end of the week, and the prices of some Shandong enterprises dropped slightly by 100 yuan / ton.

3、 Future expectations

In terms of cost, crude oil and external prices are expected to be strong. With the recovery of external prices in Europe and the United States, the arbitrage windows in Asia and the United States have opened one after another, and the prices of external markets in Asia may continue to rise, further boosting the recovery of the domestic market. Downstream styrene is mainly de stocked with strong support. It is expected that the trend of pure benzene will be stronger next week.

With the arrival of the autumn and winter production restriction season, the relevant production suspension and production restriction policies are introduced in various regions, which is expected to have a certain impact on the supply and demand of aniline. Pay attention to the future trend of raw material pure benzene, and the demand changes of downstream additives and MDI. However, the short-term cost support is good, and the supply and demand of the factory are stable. It is expected that the price will rise next week.