Price Trends

According to the SunSirs Commodity Market Analysis System, aniline prices remained stable this week. On May 4, the market price for aniline stood at 11,662 RMB/ton; on May 8, the price remained at 11,662 RMB/ton—marking zero change over the period—while representing a 66.01% increase compared to the same period last year.

Analysis and Commentary

During the week, influenced by the May Day holiday, trading in the aniline market remained steady; sales volume for enterprises was moderate, and downstream buyers entered the market on an as-needed basis, driven primarily by immediate requirements. Regarding the raw material, benzene: Sinopec's refineries across East, South, and Central China lowered their benzene prices by 350 RMB/ton, setting the new effective rate at 8,500 RMB/ton, effective May 8. Consequently, cost-side support for aniline has weakened, leading to a lack of market confidence.

Cost Perspective: Geopolitical tensions have eased somewhat, placing downward pressure on oil prices; consequently, benzene prices have declined, dragged down by the weakness in crude oil. Regarding the near-term outlook, although some downstream sectors are exhibiting negative feedback, the supply-demand balance for benzene remains relatively tight; with port inventories continuing to fall, prices retain underlying support.

Market outlook

Currently, aniline market prices are elevated while demand remains sluggish; coupled with a sharp decline in raw material costs, the aniline market is highly likely to trend downward in the short term.

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