SunSirs: Aniline Prices Slightly Increased This Week (June 10, 2024- June 14, 2024)

https://www.chemnet.com   Jun 17,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of aniline had slightly increased this week. On June 10th, the market price of aniline was 12,117 RMB/ton, and on June 14th, it was 12,166 RMB/ton. The price increased by 0.39% compared to last week and increased by 11.49% compared to the same period last year.

Analysis review

Pure benzene: On the 13th, the main operating unit raised its listing price, leading to an increase in downstream gas purchases and a shift in the focus of negotiations, resulting in positive transactions in the East China market. Shandong Refinery had a good mentality and low inventory pressure. After the quoted price was moved up, the premium transaction was made and the shipment was smooth. The night trading remained at a high level of 9,520 RMB/ton, with pure benzene from East China expected to remain stable and consolidate in the morning. On Friday (June 14th), the price of pure benzene was 9,439 RMB/ton, an increase of 1.58% from last week and 52.24% from the same period last year.

Nitric acid: The domestic price of nitric acid had slightly decreased this week. On June 10th, the price was 1,806 RMB/ton, and on June 7th, the price was 1,754 RMB/ton, a decrease of 2.93% from last week and a decrease of 12.3% from the same period last year.

Market outlook

Considering the arrival of the off-season, although the costs of most factories continued to rise, the shipping mentality continued, and the high prices offered were firm. This week, most domestic facilities were operating normally, production and sales were not yet balanced, and inventory was small. It is expected that aniline will continue to be shipped in the short term, waiting for new news guidance.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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