This week, the Aniline market in China saw a slight increase (9.15-9.19)

September 19, News

I. Price Trends

According to the commodity market analysis system, the aniline market in China saw a slight increase this week. The price of aniline was 7,625 CNY per ton on September 15th and 7,650 CNY per ton on September 19th, with a weekly price increase of 0.33%, down 22.82% compared to the same period last year.

II. Analysis and Commentary

This week, the maintenance plans for major factories in northern China were implemented, which boosted Aniline factory quotations by 50 CNY/ton. The mainstream price of Aniline rose to 7,650-7,750 CNY/ton. Inquiries from downstream buyers increased, and transactions improved. The inventory pressure in the market is not significant, and factories are shipping smoothly. Supply and demand are stable, and Aniline prices have stabilized after the increase.

Cost perspective: This week, the price of pure benzene increased slightly. Due to the rise in international oil prices and the approaching dual festivals, there is a demand for stockpiling from downstream sectors, leading to a fluctuating increase in the price of pure benzene. However, the future price increase will be limited due to the underlying weak fundamentals.

III. Future Market Outlook

The current aniline market is stable, and with the approach of the upcoming Double Festival in China, a wave of stockpiling is expected. It is projected that the aniline market will show stronger performance in the short term.