Price trend:

According to the commodity market analysis system of SunSirs, the aniline market rebounded last week after a period of decline. The price of aniline was 7,675 RMB/ton on November 3rd and 7,737 RMB/ton on November 7th, representing a weekly increase of 0.81%, but a decrease of 16.8% compared to the same period last year.

Market Analysis

The aniline market rebounded last week after a period of decline. During the week, the price of raw material benzene rose slightly, while operating rates in major nitric acid producing areas remained low, leading to tight supply and rising nitric acid prices. Aniline producers sourcing nitric acid from external suppliers faced operational constraints, and further reductions in operating rates were possible later. Boosted by improved raw material prices, aniline plants collectively raised their prices, resulting in active trading and a continuous increase in aniline prices.

On the cost side: The benzene market improved slightly last week. Downstream orders for benzene were insufficient, and losses continued. Downstream buyers remained unenthusiastic about purchasing raw materials. However, as benzene prices hit new lows, downstream buyers entered the market at lower prices, and the market rebounded somewhat. Prices rose slightly last week.

Market outlook

As of November 7, the aniline market was active with reduced inventory pressure. It is expected that the aniline market will consolidate after an initial rise in the short term. Close attention should be paid to changes in supply and demand in the future.

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