Aniline prices fell slightly in the week (June 22-28, 2020)

1、 Price trend

 

According to the data in the bulk list of business associations, the price of aniline in Shandong fell 200 yuan / ton this week. On June 19, the price of aniline in Shandong was 4500-4590 yuan / ton, and that in East China was 4600-4820 yuan / ton. On June 28, the price of aniline in Shandong was 4300-4390 yuan / ton, and that in East China was 4500-4820 yuan / ton.

 

PVA 1799 (PVA BF17)

2、 Analysis and comment

 

In terms of cost, this week’s listing price of Sinopec’s pure benzene was reduced by 300 yuan / ton compared with that of last week, and the listing price of Sinopec’s pure benzene was reduced by 400 yuan / ton for two consecutive weeks. Port inventory is high, picking up speed is slow, inventory pressure is difficult to release. The inventory of Shandong refining enterprises increased, driving prices down continuously.

 

Nitric acid continued to stabilize this week. On June 28, the production price of nitric acid in East China was 1450 yuan / ton.

 

During the festival, aniline in Shandong Province was reduced by 200 yuan / ton. At present, aniline enterprises as a whole are losing money. The cost price is high, the downstream demand is low, the inventory is under pressure, the enterprise reduces the price guarantee, and the unit operation rate is reduced.

 

PVA 1788 (PVA BP17)

3、 Future expectation

 

Crude oil bears a prominent negative position, but the downward range is not large in the context of production reduction. Most of the downstream products are in the state of loss, and acetone, which had a good early rise, also fell sharply, falling below 10000 yuan / ton. The port inventory of pure benzene is difficult to decline in the short term, dragging down the price. It is expected that the price of pure benzene will still fall next week.

 

It is difficult to change the supply and demand pressure of aniline Market in a short term, but the aniline Market is close to the bottom, and the possibility of a sharp drop in prices is unlikely. It is expected that aniline will move steadily next week.

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