I. price trend
According to a large number of data on the list of business agencies, this week’s price reduction of aniline in Shandong region and Nanjing region promoted shipment. Last Friday, the market price of aniline in Shandong was 6500 yuan / ton, while that in Nanjing was 6900 yuan / ton. On Friday, the market price of aniline in Shandong Province was 6100 yuan / ton, down 6.15% from last week, while that in Nanjing was 6600 yuan / ton, down 4.35% from last week.
II. Analysis and comment
| PVA 0599 (PVA BF05) |
Raw materials: the listing price of pure benzene on Friday is 5250-5450 yuan / ton, slightly higher than last week. The port inventory of pure benzene this week is lower than that of last week, the domestic spot supply of pure benzene is tight, the negotiation atmosphere is good, driving the price up slightly
Product: from 8300-8700 yuan / ton in early November to 6100-6600 yuan / ton now, the decline is more than 23%, mainly due to the supply of aniline. At present, the profit of aniline is small. This week, the aniline plant is in normal operation and the enterprise has sufficient inventory. In order to stimulate the downstream to take goods, the price has been lowered twice.
III. future expectation
| PVA |
Raw materials: crude oil and foreign market are good for pure benzene market; spot supply is tight, and pure benzene enterprises are expected to raise their inventory.
Compared with the high price and high profit situation of aniline at the beginning of November, the profit of aniline is small at present, and the downward space is small. It is expected that aniline will maintain stable and weak operation and wait for the recovery opportunity.
| POLYVINYL ALCOHOL |