SunSirs: Aniline Prices Had Slightl yDecreased This Week (December 27, 2023- December 12, 2023)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of aniline had slightly decreased this week. On November 27th, the market price of aniline was 12,015                          RMB/ton, and on December 1st, the price was 12,015 RMB/ton, a decrease of 5.76% from last week.

Analysis review

Pure benzene: On November 30th, pure benzene saw a slight increase in negotiations, but spot resource transactions were weak, and there was insufficient buying gas on the market. Most transactions were made in distant months. Shandong refineries had weak willingness to hold goods and have significantly lowered prices to promote shipments. After the price drop, the market's buying sentiment improved, and a large number of low-priced goods were purchased to deliver orders within the week, resulting in better transactions. In late December, pure benzene in the night market was discussed to have risen to around 7,050 RMB/ton, but crude oil initially rose and then fell before finally closing down. It is expected that pure benzene in East China will fluctuate and consolidate in the morning. On Friday (December 1st), the price of pure benzene was 7,020 RMB/ton, a decrease of 8.29% from last week and an increase of 7.45% from the same period last year.

Nitric acid: The domestic price of nitric acid hadslightly increased this week. On November 27th, the price was 2,133 RMB/ton, and on December 1st, it was 2,235 RMB/ton. The price increased by 6.42% compared to last week and decreased by 8.13% compared to the same period last year.

Market outlook

The aniline market had a strong bearish atmosphere, with lower willingness to reserve downstream positions and a focus on essential purchases. It is expected that aniline will steadily decline.

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