1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the aniline market remained strong and rose in October. On October 1st, the market price of aniline was 7750 yuan/ton, and on October 28th, the price was 7995 yuan/ton, an increase of 3.06% during the period and a decrease of 14.95% compared to the same period last year.
2、 Analysis and Review
The aniline market in October was mainly boosted by favorable supply side conditions. After the National Day holiday, mainstream factories began to reduce load and carry out maintenance production. Equipment maintenance in the main production area has led to supply contraction and increased prices from suppliers. Subsequently, the maintenance equipment was restarted one after another, and the favorable support from the supply side weakened. Downstream demand remains high as raw materials continue to weaken. Under the influence of multiple factors, the aniline market is in a state of stagnation and consolidation.
Pure benzene: Crude oil weakens, downstream of pure benzene continues to suffer losses, low enthusiasm for raw material procurement, and cautious market sentiment. Combined with weak downstream growth and insufficient new orders from end-users, the pure benzene market continued to decline in October.
3、 Future expectations
At present, the cost of the aniline market is weak, coupled with weak demand. Once the supply side benefits are exhausted, it is expected that the possibility of the aniline market weakening in the short term will increase.