1、 Price trend
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According to the bulk list data of the business agency, the price of aniline has stabilized this week. The price was 9600 yuan/ton on January 3 and 9600 yuan/ton on January 6.
2、 Analysis and comment
In terms of cost, pure benzene: the basic level of pure benzene continues to be weak, the downstream is more wait-and-see, and the purchase intention is general; Crude oil continued to fall in the week, and the cost of pure benzene market formed a negative pressure; Downstream styrene slightly strengthened, boosting the pure benzene market. At the beginning of the week, the inventory of pure benzene in the East China port decreased slightly, and the supply pressure eased. On Friday (January 6), the price of pure benzene was 6650 yuan/ton, down 0.31% from last week and up 1.46% from the same period last year.
Nitric acid: The price of domestic nitric acid was stable this week. The price was 2433 yuan/ton on January 3 and 2433 yuan/ton on January 6. The price remained unchanged last week, up 2.82% from the same period last year.
Due to the tight spot supply of aniline in the northern region, the market was bullish, and the price rose continuously in the first half of the week. However, the downstream of the terminal is in the traditional off-season, and the demand for aniline is difficult to be significantly improved. With the favorable supply turning weak, aniline stabilizes and the wait-and-see increases.
3、 Aftermarket expectation
At present, the supply and demand of aniline market is temporarily stable, and there is no more good news in the market. It is expected that aniline will stabilize in the short term. Continue to pay attention to the trend of raw materials, the dynamics of aniline plants and the downstream pickup sentiment.
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