Domestic and foreign domestic aniline market has been slow

In the global economic slowdown, the debt outlook in Europe and the United States is uncertain, the global stock market suffered a catastrophic decline, and China's severe inflation situation, the commodity market suffered a greater blow. Due to the retreat of speculative demand, some funds were gradually withdrawn. The feedback from the terminal is also not very optimistic. The global market is facing a greater "confidence crisis."

Excessive overcapacity pressure Although the recent start of the aniline industry is still at the same period in the same period of low, but in the shadow of the industry's excess energy, the overall situation will continue to be unstable. According to the start-up plan reported by various manufacturers last month, the parking time of some devices was postponed, and some of the devices planned to start work had not been started. As shipment prices continue to hover around the cost line, it is expected that the start of the industry in September is still not optimistic. It is also unclear whether the newly built 240,000 tons of equipment in Shandong Jinling can be driven.

** Downside, but in the later period, cargo will be tightly supported this week. Sinopec East China and North China Petroleum Benzene will be lowered by 200 yuan to 8,300 yuan/ton, which is actually causing some problems for aniline companies. On the one hand, this time the ** downgrade is out of date; its diphenylamine has experienced an overcast before the ** downgrade; third, ** prices continue to increase costs upward.

From the perspective of late start of construction, Urumqi Petrochemical PX plant was shut down on August 23, and the overhaul is expected to last for about 20 days, mainly due to the shutdown and maintenance of the Dushanzi aromatics plant, which will affect the supply of raw materials. The device** has a capacity of 360,000 tons/year and PX has a capacity of 1 million tons/year. Yanshan Petrochemical, Dushanzi Petrochemical, and Shanghai Secco are all in overhaul status. In September, Shanghai Petrochemical planned to stop for 45 days, September 1 to October 15 to stop the aromatics plant of Luoyang Petrochemical, and Jiujiang Petrochemical also had maintenance plans in the later period. Therefore, September **Supply will continue tension.

There was no sign of recovery in downstream downstream aniline main downstream MDI, rubber chemicals, dye intermediates, etc. Among them, MDI prices have continued to decline since April of this year, and no positive results have been seen.

Internal and external problems restrict the development of aniline. However, the raw material benzene in September will be supported and will form a certain protection against aniline. It is expected that the recent aniline market will be flat and steady; if the industry starts to expand in large areas in the later period, it will face downwards after the demand is low but the inventories increase.