SunSirs: Aniline Market Remained Strong Last Week (October 20-24)

Price trend:

According to the SunSirs commodity market analysis system, the aniline market remained stable last week. The price was 7,935 RMB/ton on October 20 and 7,995 RMB/ton on October 24, a weekly increase of 0.1% and a year-on-year decrease of 18.31%.

Analysis review

Last week, aniline prices remained firm, supported by suppliers. As of last Friday, mainstream aniline quotes were between 7,950 and 8,050 RMB/ton. During the week, major factories increased production and prepared to restart equipment after maintenance, resulting in insufficient supply support. Downstream demand remained strong, while raw material prices continued to weaken. A combination of factors contributed to a stagnant and consolidating aniline market.

Cost: Benzene's major ports in East China maintained a destocking pace, leading to weak market sentiment. Coupled with the downstream's lack of follow-up, exacerbating losses, and insufficient new orders from end users, secondary downstream inventories remained high and difficult to reduce, resulting in significant price transmission resistance, and the benzene market continued to weaken and decline.

Market outlook

As of October 24, the positive factors on the supply side of the aniline market had been exhausted. With weak demand and a weak cost side, it is expected that the aniline market will be more likely to fall than to rise in the future.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.