Aniline price rises (September 21 – September 27, 2020)

1、 Price trend

 

PVA 1788 (PVA BP17)

According to the data from the bulk list of business associations, aniline prices rose this week. On September 20, the price of aniline in Shandong was 4650-4900 yuan / ton, and that in East China was 4900-5000 yuan / ton; on September 27, the price of aniline in Shandong was 5000-5200 yuan / ton, and that in East China was 5200-5300 yuan / ton, an increase of 7.69% over last week.

 

2、 Analysis and comment

 

In terms of cost, the northern downstream stock has come to an end, and the Shandong market has been light this week. Pure benzene enterprise festival inventory, cut prices, this week the market in Shandong weakened again. On Sunday (September 27), the listed price of pure benzene was 3000-3450 yuan / ton (average price 3400 yuan / ton), up 0.29% over last week.

 

This week, the production price of nitric acid in East China was 1516.67 yuan / ton, which was the same as last week.

 

PVA 1799 (PVA BF17)

Before the festival, downstream purchasing enthusiasm is good, enterprise shipment is smooth, inventory is low, and the price goes up.

 

3、 Future expectations

 

In terms of cost, at present, the demand for pure benzene in the downstream is not strong. In addition, the domestic hydrobenzene shutdown and maintenance devices are gradually restored, which is expected to have an impact on the pure benzene market. It is expected that benzene will maintain weak operation before the festival.

 

Downstream purchasing enthusiasm to support aniline prices, is expected to trend strong next week, may rise.

PVA