The Chinese aniline market fluctuated greatly this week and prices jumped. Supply and demand was the major influencing factor. Some mainstream producers cut down their operating rates and some units underwent maintenance. The limited supply pushed the market prices. Moreover, benzene prices in Sinopec Eastern China inched up, which supported the aniline production cost. As for the export, the prices for aniline exported to India were around $1,500/mt. Most goods were exported to foreign MDI producers.
As for the profits, taking the average price in East China as the example, the profits of aniline producers were around RMB 4,675/mt, up RMB 1,000/mt or 27.21% week on week. Though the benzene prices went up, the aniline prices jumped and the profits increased greatly. Up to April 19, 2018, prices for aniline in Shandong and North China were in the range of RMB 11,000-12,000/mt. The average self-delivery price was RMB 11,480/mt, up RMB 480/mt or 4.36% week on week. Prices for aniline in East China were in the range of RMB 11,000-12,150/mt. Average price was RMB 11,605/mt, up RMB 580/mt or 5.25% week on week.
Forecast: Next week, the Chinese aniline market may slide down as downstream users are unwilling to buy high-priced goods. The supply will continue to be tight and the prices won’t see more increases.
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