Price trend:

According to the commodity market analysis system of SunSirs, the aniline market remained firm and rose in November. On November 1, the market price of aniline was 7,995 RMB/ton, and on November 27, the price was 8,045 RMB/ton, an increase of 1.88% during the period, but a decrease of 12.77% compared with the same period last year.

Market Analysis

The aniline market rebounded from a weak to a strong trend in November, mainly supported by costs and supply. At the beginning of the month, 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 outside the market faced operational constraints, with the possibility of further reductions in operating rates later. Boosted by the raw material market, aniline plants collectively raised prices, resulting in active trading and a continuous increase in aniline prices. In the middle of the month, aniline prices stabilized after the initial rise, with aniline producers experiencing smooth sales and low inventory pressure. In the latter part of the month, supply in major producing areas in East China remained tight, while demand remained stable, leading to further price increases for aniline. Downstream buyers purchased only as needed, resulting in stable transactions.

Benzene: The benzene market fluctuated at low levels in November. Overall supply remained ample, with downstream demand mainly driven by immediate needs. Some loss-making products reduced production to maintain prices, resulting in limited overall support from the demand side. The benzene market rebounded several times during the month, but the gains were limited due to demand constraints. Given the weak fundamentals, benzene prices are more likely to fall than rise.

Market Forecast:

The aniline market was supported by a strong supply side, while the raw material benzene remained weak and the demand side remained stable. Under the interplay of bullish and bearish factors, the aniline market is expected to be stronger in the short term.

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