Aniline price cut around New Year’s day to stimulate sales (December 30, 2019-january 3, 2020)

1、 Price trend

 

According to a large number of data on the list of business agencies, this week coincides with new year’s day, before and after the festival, aniline factories cut prices to stimulate shipments. This Friday, the market price of aniline in Shandong Province was 6300 yuan / ton, down 200 yuan / ton, down 3.08% compared with 6500 yuan / ton last Friday; the market price of aniline in Nanjing region was 6700 yuan / ton, down 100 yuan / ton, down 1.47% compared with 6800 yuan / ton last Friday

 

2、 Analysis and comment

 

PVA 1799 (PVA BF17)

Raw materials: the listing price of pure benzene on Friday is 5500-5950 yuan / ton, down 1.02% from last Friday. This week’s pure benzene port inventory picked up from last week. There is pressure on the delivery of Shandong local refining Co., Ltd. and the price has been lowered successively. With the increase of market arrivals, the expectation of merchants began to weaken and the market mentality was short. However, it is heard that Zhejiang Petrochemical has produced pure benzene, but it has not been sold to the outside world. It is reserved for trial run of styrene, which to some extent supports the price of pure benzene.

 

Product: the bidding price of raw materials fell, and the support of cost to aniline price weakened. In addition, around New Year’s day, aniline Market trading is light, aniline factory in order to stimulate shipments, reduce prices.

 

3、 Future expectation

 

PVA

Raw materials: the port inventory rose for two consecutive weeks, and the downstream profit level continued to be worrying, so the market mentality was weak. Near the end of the year, it is necessary to pay attention to the transportation problems in the later period and the impact of low price of hydrogenated benzene on pure benzene. Pure benzene is expected to continue to weaken slightly next week.

 

Aniline fell twice this week and is expected to fall mainly in consumption in the short term, with prices slightly volatile. Pay attention to the trend of pure benzene in the later stage.

POLYVINYL ALCOHOL