Price trend

According to the commodity market analysis system of SunSirs, the aniline market saw a slight increase this week. The price of aniline was 7,800 RMB/ton on November 17th and 7,825 RMB/ton on November 21st, representing a 0.32% increase over the period, but a 13.89% decrease compared to the same period last year.

Market Analysis

The aniline market remained firm this week, with mainstream prices in East China at 7,800-7,900 RMB/ton as of Friday. Aniline supply in East China was tight with low inventory levels, while downstream demand was strong. This cost-driven support boosted market confidence, leading to a firm upward trend in aniline prices.

Cost side: Benzene prices fluctuated at low levels this week. Rising international prices drove up domestic prices, but were quickly dragged down by weak fundamentals. Furthermore, with many imports still arriving and import expectations high for November, the benzene market is more likely to fall than rise.

Market Forecast:

The aniline market is currently trading steadily with low inventory pressure. The market is expected to be stronger in the short term. Closely monitor future changes in raw materials and supply and demand.

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