SunSirs: The Aniline Market Experienced a Weak Downward Trend in April

Price trend

According to the Commodity Market Analysis System of SunSirs, the aniline market accelerated its decline in April and remained stable at a low level at the end of the month. On April 1st, the market price of aniline was 8,025 RMB/ton, and on April 28th it was 7,532 RMB/ton, a decrease of 6.14% during the month and a decrease of 38.72% compared to the same period last year.

Analysis review

Aniline maintained a downward trend in April. At the beginning of the month, the raw material benzene stopped falling and rebounded, with increased support for aniline. However, the demand was average and supported by cost, while aniline remained stable. Subsequently, due to the impact of tariff policies, the benzene market saw a significant decline, coupled with the restart of major aniline maintenance facilities, leading to an expected increase in supply. Downstream market entry was cautious, procurement was relatively light, and under the influence of multiple negative factors, aniline has been lowered by 400 RMB/ton, and the mainstream price has fallen to 7,500-7,600 RMB/ton. Before the May Day holiday, with downstream stocking demand, the shipment of aniline accelerated and prices stabilized.

Benzene: In April, the benzene market fluctuated and fell due to multiple factors such as international oil prices, external markets, styrene, and tariff policies. The average price of benzene on April 1st was 6,659 RMB/ton, and the average price at the end of the month was 5,935 RMB/ton, with a monthly decline of up to 10.96%.

Market outlooks

As of April 28th, the price of aniline was low, and factories had a strong willingness to raise prices. However, there is still a possibility of a downward trend in the future raw material benzene, and it is expected that the aniline market will operate to be weaker in the short term.

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