SunSirs: Poor Supply and Demand, Meta Phenylenediamine Was Weakly Consolidated

https://www.chemnet.com   Apr 10,2024 SunSirs

　　Price trend

　　According to the Commodity Market Analysis System of SunSirs, as of April 9th, the average market price of phenylenediamine was 36,000 RMB/ton. On April 2nd, the average market price of phenylenediamine was 37,900 RMB/ton, a 5% decrease from last week.

　　In terms of cost

　　Pure benzene: The price of pure benzene in China had slightly increased this week. On April 9th, the price of pure benzene was 8,723 RMB/ton, an increase of 1.75% compared to last week. It is expected that there is a high possibility of consolidation in the East China pure benzene market. Some traders were bearish in the future and actively sell their holdings, resulting in an increase in market commodity volume and weakened buying sentiment.

　　Nitric acid: The domestic price of nitric acid had slightly decreased this week. On April 9th, the price of nitric acid was 1,703 RMB/ton, a 2.69% decrease from last week. Market transactions were average.

　　In terms of demand

　　The overall market demand was average, with weak purchasing power from customers for dyes, pesticide intermediates, and other products, and less active downstream trading.

　　Market outlook

　　Overall, the shipment situation of meta phenylenediamine was relatively poor, with orders being the main focus. In the later stage, focus on market transactions in the later stage. It is expected that the price of meta phenylenediamine will be weakly consolidated.

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