A: although upstream pure benzene prices have been weak, but the fundamentals of aniline are strong, and the demand for the end tire areas has been warm, and the overall market of the market is supported, and the price of aniline has been slightly rebound.

At present, East China Aniline carries out acceptance of 10,850 yuan/ton, North China Aniline carries out acceptance of 10,750 yuan/ton, accelerator CZ carries out 20,000-20,500 yuan/ton, antioxidant 4020 carries out 23500-24000 yuan/ton, antioxidant RD carries out 12,000-12,500 yuan/ton.

The short-term market is still under pressure, the cost of upstream pure benzene east main listed to 6500 yuan/ton. Due to the weak demand end, the pure benzene market lack of support, the recent price center of gravity fell. Short-term market temporary lack of positive boost, pure benzene market is expected to continue weak market.

Aniline supply, the industry load to maintain more than 8 %. Shanxi Tianji overall load lifting and Nanhua 1 set of 100,000 tons of equipment return, the overall market supply is stable.

In terms of downstream demand, in this week (20230519-0525), the weekly average capacity utilization rate of sample polymerization MDI plants in China was 72.92%, reduced by 0.78% compared with the previous period. There was a short stop message of Fujian MDI plant within the plant week, and the device ran low negative. However, other devices operated normally and p-aniline consumption was stable.

This cycle, the accelerator industry started stable, antioxidant industry started to improve.

1) Mainstream accelerant enterprises maintain normal production with little change in operation;

2) Antioxidant enterprises started to improve, production capacity in Shanxi was restored, and part of production capacity in Shandong was undergoing maintenance.

This week, the capacity utilization rate of China’s semi-steel tire sample enterprises was 77.31%, +0.09% month-on-month and +11.53% year-on-year. During the week, the capacity utilization rate of most semi-steel tire sample enterprises maintained high operation, some enterprises adjusted production scheduling specifications, and the start of small fluctuations.

This week, the capacity utilization rate of all steel tire sample enterprises in China was 66.68%, which was -0.48% month-on-month and +4.18% year-on-year. During the week, the capacity utilization rate of all steel tire sample enterprises was stable and weakened. Affected by thermoelectric maintenance and rising shipping pressure, some enterprises moderately reduced production scheduling, and the capacity utilization rate of towing sample enterprises decreased.

The demand end supports the rebound of aniline, but the terminal performance is general, the construction is limited, and the downstream procurement enthusiasm for aniline is not high. The overall short-term performance of the aniline market is relatively balanced, the shipment is stable, and the inventory pressure is not big. It is expected that the aniline market may save some small space for growth in the near future.

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