Price trend

According to the Commodity Market Analysis System of Shengyishe, as of May 15th, the average market price of phenylenediamine was 38600 yuan/ton, which is unchanged from last week.

In terms of cost

Pure benzene: The domestic price of pure benzene has slightly decreased this week. On May 15th, the price of pure benzene was 8742 yuan/ton, a decrease of 0.18% from last week. Shandong Refinery’s offer was strong, but buyer intention fell, prices fell, and transaction volume decreased. After the holiday, the rebound of crude oil was not significant. Overall, the trend of the crude oil market declined during the cycle, and the market was relatively weak due to the influence of crude oil.

Nitric acid: The domestic price of nitric acid has slightly increased this week. On May 15th, the price of nitric acid was 1913 yuan/ton, and on May 8th, it was 1876 yuan/ton, an increase of 1.97% compared to last week. The supply side of the concentrated nitric acid market is supported, with a slight increase in cost trends. The market mainly focuses on orders, and the market transaction situation has improved.

Overall, due to the impact of costs, the phenylenediamine market has fluctuated and reorganized, while the downstream epoxy resin market is operating lightly and lacks guidance from the news side. The market orders for dispersed dyes and reactive dyes have decreased, and the overall situation is not optimistic. Some manufacturers may have plans to reduce their burden. It is expected that the market for meta phenylenediamine will show a weak trend.