According to the Commodity Market Analysis System of Business Society, the price of phenylenediamine increased first and then decreased this month. As of May 29th, the average market price of phenylenediamine was 37033 yuan/ton. On May 1st, the average market price of phenylenediamine was 36166 yuan/ton, an increase of 2.4% compared to the beginning of last month.

In terms of cost

Pure benzene: The domestic price of pure benzene has fluctuated and increased this month. On May 29th, the price of pure benzene was 8975 yuan/ton, and on May 1st, the price of pure benzene was 8672 yuan/ton, an increase of 3.49% compared to the beginning of the month. In the first half of the month, pure benzene prices opened low and rose high, with positive transactions and an upward trend in fundamentals. In mid month, the market’s focus shifted downwards, and after the price drop, market buying continued, and transactions were still possible. The tight supply of pure benzene in the second half of the month has driven up prices.

Nitric acid: The overall domestic nitric acid price has shown a downward trend this month. On May 28th, the price of nitric acid was 1843 yuan/ton, and on May 1st, it was 1856 yuan/ton, a decrease of 0.7% from the beginning of the month. Some manufacturers have seen a decline in their quotations, and downstream sales are mainly based on orders, with no increase in market demand.

Overall, this month, the price of phenylenediamine has slightly decreased due to the influence of the raw material pure benzene, and has shown an overall upward trend. On the downstream side, the textile industry has been in a low season recently, with weak demand in the dye market and average demand for pesticide intermediates. It is expected that the phenylenediamine market will experience a warm operation in the short term.