Price trend

According to SunSirs’ commodity price analysis system, the aniline market continued its upward trend last week. On January 19th, the price of aniline was 8,545 RMB/ton, and on January 23rd, the price was 8,745 RMB/ton, representing a 2.34% increase during the period, but a 3.61% decrease compared to the same period last year.

Market analysis

Last week, the aniline market continued its upward trend. The price of raw material benzene was raised several times during the week, and aniline supply remained at low levels. Downstream buyers entered the market to meet their essential needs, and suppliers maintained steady sales, actively pushing prices higher. As of Friday, the mainstream domestic price of aniline had risen to 8,700-8,800 RMB/ton.

Cost perspective: Last week, the benzene market showed a strong upward trend. Reduced production at refineries, coupled with decreased imports, led to a decrease in benzene supply. The fundamentals of the benzene market also improved, with port inventories falling from their high levels in the first week. Downstream demand for benzene increased, resulting in a temporary improvement in supply and demand. Furthermore, the instability of the geopolitical situation has not been eliminated, suggesting that the market will likely continue to fluctuate with an upward bias in the short term.

Market outlook

As of January 23, the aniline market was experiencing high inventory levels, and downstream buyers were showing increased resistance to high raw material prices. It is expected that the aniline market will undergo a period of consolidation after the recent price increases. Close attention should be paid to future changes in raw material prices and supply and demand dynamics.

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