Price trend

According to the SunSirs commodity market analysis system, the aniline market saw a strong rise in October. The price of aniline was 7,750 RMB/ton on October 1st, and 7,995 RMB/ton on October 28th, a 3.06% increase over the previous period and a 14.95% decrease compared to the same period last year. 

Analysis review 

The aniline market in October was primarily boosted by positive supply-side factors. Following the National Day holiday, major mills began reducing capacity and conducting maintenance. Shandong Huatai's operating rate dropped to 70%. Shandong Jinling's two 30,000 ton/year units planned to fully shut down from October 13th to the 23rd, while two 100,000 ton/year units planned to operate at half capacity from October 11th to the 23rd. Maintenance in major production areas reduced supply, prompting suppliers to support price increases. Subsequently, the maintained units gradually restarted, weakening the supply-side support. Downstream demand remained strong, while the raw material market continued to weaken. Amidst these multiple factors, the aniline market remained stagnant and consolidated.

Benzene: Weaker crude oil prices led to continued losses in the downstream benzene market, resulting in low enthusiasm for raw material procurement and a cautious market sentiment. Coupled with a lack of downstream market support and insufficient new orders from end users, the benzene market continued to decline in October.

Market outlook

As of October 29, the aniline market was weak in terms of cost and demand. Once the positive factors on the supply side are exhausted, it is expected that the aniline market may become more likely to weaken in the short term.

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