1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the aniline market has been consolidating after a recent rise. On November 5th, the market price of aniline was 7525 yuan/ton, and on November 13th it was 7737 yuan/ton, with a 2.82% increase during the period and a 18.55% decrease compared to the same period last year.
2、 Analysis and Review
Recently, the aniline market has stopped falling and risen. Due to the tight supply and high prices of raw material nitric acid, the price of aniline has risen. Considering downstream acceptance capacity, the price has since stabilized. Aniline enterprises have smooth inventory flow and low inventory pressure. The price of raw material pure benzene is consolidating at a low level, and downstream demand is entering the market. The supply and demand are relatively stable, and the price of aniline remains stable.
Cost aspect: Recently, the pure benzene market has been weak and declining. The overall supply of pure benzene remains loose, port inventories are accumulating, and traders’ enthusiasm for entering the market is average. Industry players hold a pessimistic attitude towards the future market, and it is expected that the pure benzene market will continue to bottom out in the future.
3、 Future expectations
The current trading in the aniline market is stable, with relatively low inventory pressure. It is expected that the aniline market will maintain a consolidation trend in the short term, and close attention will be paid to changes in raw materials and supply and demand in the future.