Aniline price rise (February 1-February 7, 2021)

1、 Price trend


Gamma Polyglutamic Acid

According to the data of business club’s block list, aniline prices rose this week. On January 31, the price of aniline in Shandong was 7800-7900 yuan / ton, and that in Nanjing was 8000-8100 yuan / ton. On February 7, the price of aniline in Shandong was 8100-8200 yuan / ton, and that in Nanjing was 8300-8500 yuan / ton. The average price increased by 3.80% compared with last week, 3.80% compared with the beginning of the month, and 26.15% compared with the same period last year.


2、 Analysis and comment


In terms of cost, Sinopec’s pure benzene listing price was raised three times this week, from 600 yuan / ton to 5400 yuan / ton. The reasons for the sharp rise of pure benzene price this week: on the one hand, the lower reaches are bearish on the pure benzene Market in the early stage, mainly purchasing on demand. Near the Spring Festival, the downstream concentrated stock, early pure benzene enterprise high inventory quickly empty. In addition, the unplanned shutdown and delayed restart of some units in East China led to the decrease of supply and the rapid rise of prices. On the other hand, the reduction of transportation before the festival and the increase of freight also promoted the price of pure benzene to rise. This week, the pure benzene inventory of East China port continued to decline. On Sunday (February 7), the price of pure benzene was 5000-5400 yuan / ton (the average price was 5280 yuan / ton), with a weekly increase of 18.49%.


The price of nitric acid dropped slightly this week, and the production price of nitric acid in East China was 2000 yuan / ton on Friday (February 5). Compared with the beginning of the month, the price decreased by 16.67 yuan / ton, or 0.83%; compared with the same period last year, the price increased by 27.66%.


Preliminary news: Jiangsu Fuqiang new material qualified aniline is expected to ship at the end of January, the market supply is expected to increase, the market mentality is cautious and wait-and-see, and the price continues to stabilize. Aniline this week by the cost side rose and the lower concentration of stock boost, the market out of early caution, prices continue to rise.


3、 Future expectation


In terms of cost, it is still possible for pure benzene to go up before the festival. Entering the Spring Festival, the pure benzene market is expected to stabilize and consolidate. Continue to pay attention to the downstream procurement situation, the trend of pure benzene plant, crude oil, external market and styrene trend on the price of pure benzene.


Before the festival, aniline trend is strong, and it is expected to enter the high consolidation of Spring Festival prices. Continue to pay attention to the trend of raw material, the change of market supply and demand, the operation and maintenance of aniline plant.

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