Price trend

According to the commodity market analysis system of SunSirs, the aniline market saw an initial decline followed by stabilization last week. The market price stood at 9,525 RMB/ton on June 22 and 9,225 RMB/ton on June 26, marking a weekly drop of 3.15% but a year-on-year increase of 13.12%.

Market analysis

The aniline market faced downward pressure last week. During the week, crude oil prices fell—driven by partial progress in the second round of US-Iran talks and reports of improved navigation conditions in the Strait of Hormuz—which in turn pushed down the price of benzene. Additionally, as aniline producers resumed operations, supply-side support weakened, leading to a 300 RMB/ton drop in aniline prices. Subsequently, maintenance at the Huatai plant eased supply-side pressure; with demand following a "buy-as-needed" pattern and factory inventory pressure subsiding, aniline prices stabilized.

Cost side: Benzene prices are trending downward. With the easing of geopolitical risk premiums and a continuous drop in oil prices, chemical production costs have collapsed; meanwhile, market sentiment remains bearish due to a lack of confidence in demand. Although expectations for inventory depletion persist for June, the return of overseas units following earlier maintenance has alleviated supply tightness. However, non-integrated production units for certain grades are operating at a loss, and persistent negative feedback from the demand side continues to weigh on market sentiment.

Market outlook

The current aniline market is characterized by balanced supply and demand and minimal sales pressure; the market is expected to undergo a period of consolidation in the near term.

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