Price trend

According to SunSirs' commodity price analysis system, the aniline market experienced a significant increase this week. On January 5th, the price of aniline was 7,945 RMB/ton, and on January 9th, the price was 8,145 RMB/ton, representing a 2.52% increase during the period, but a 9.88% decrease compared to the same period last year.

Analysis and Commentarys

This week, the aniline market saw a significant increase in prices. Aniline production remained stable throughout the week, with downstream buyers purchasing as needed. The sharp rise in crude oil prices boosted market confidence, and coupled with active restocking by downstream companies, manufacturers collectively raised prices by 200 RMB/ton on Friday, bringing the mainstream price of aniline to 8,100-8,200 RMB/ton.

Cost side: This week, the benzene market showed weak and volatile trends. The expected increase in benzene supply, coupled with high port inventories and weak demand, suggests that the benzene market will likely remain range-bound in the short term.

Market Outlook 

The current aniline market is stable with moderate trading activity and low inventory pressure. It is expected that the aniline market will consolidate after a period of price increases in the short term.  Close attention should be paid to future changes in raw material prices and supply and demand dynamics.

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