According to the Commodity Market Analysis System of SunSirs, the price of aniline has slightly increased this week. The aniline market price was 10,600 RMB/ton on April 10 and 11,100 RMB/ton on April 14, up 3.73% from last week.
Analysis review
Pure benzene: On the 13th, the spot transaction in East China was negotiated at 7,450-7,500 RMB/ton. The transaction price of Shandong Refinery was between 7,240-7,280 RMB/ton. The port continued to destock, and downstream demand for raw materials was relatively stable, supporting price increases. The inventory of Shandong Refinery was low, and the quoted price was high, causing the focus of transaction to shift upwards. It is expected that the morning market price of pure benzene in East China will rise. On Thursday (April 13th), the price of pure benzene was at 7,480 RMB/ton, an increase of 0.38% compared to last week and a decrease of 10.73% compared to the same period last year.
Nitric acid: Domestic nitric acid prices had slightly decreased this week. On April 10th, the price was 2,570 RMB/ton, and on April 14th, it was 2,561 RMB/ton. The price decreased by 1.5% compared to last week and increased by 3.85% compared to the same period last year.
Market outlook
Dongying Huatai is expected to return next weekend. After the return, the increase in spot prices in the market will easily dampen the purchasing enthusiasm of downstream and traders. It is expected that aniline will rise slightly next week and then sideways, or consolidate at 11,500 RMB/ton.
