Price trend
According to the Commodity Market Analysis System of SunSirs, the price of aniline has slightly decreased this week. On June 3rd, the market price of aniline was 12,142 RMB/ton, and on June 7th, it was 12,118 RMB/ton. The price decreased by 0.197% compared to last week and increased by 19.32% compared to the same period last year.
Analysis review
Pure benzene: Yesterday, the negotiation atmosphere for pure benzene in East China was flat, with contract transactions being the main focus. Some refineries in Shandong have voluntarily lowered their shipments, while some refineries are sticking to bottom prices to sell their goods. Several factories auctioned off, and the transaction volume continued to shrink. Crude oil rebounded, and spot pure benzene fluctuated around 9,280 RMB/ton in the night trading. It is expected that pure benzene in East China will consolidate at a high level in the morning. On Friday (June 7th), the price of pure benzene is 9,292 RMB/ton, an increase of 1.88% from last week and 42.76% from the same period last year.
Nitric acid: The domestic price of nitric acid has slightly decreased this week. On June 3rd, the price was 1,830 RMB/ton, and on June 7th, the price is 1,807 RMB/ton, a decrease of 1.25% from last week and 11.11% from the same period last year.
Market outlook
Yesterday, the shipment of aniline from the factory was still acceptable, and downstream mainly maintained rigid demand. Currently, the aniline market lacks upward momentum, and it is expected that aniline will remain stable and tend to be stronger next week.