Aniline Market Sees Slight Increase This Week (9.22–9.26)

September 26, news

1. Price Trends

The price of gold is 3759.40, with an increase of 11.27. The London Silver price stands at 46.04.

According to the commodity market analysis system, the Aniline market saw a slight increase this week. On September 22, the price of Aniline stood at 7,650 CNY per ton, rising to 7,750 CNY per ton by September 26—a weekly price increase of 1.31%. However, the price remains 21.82% lower compared to the same period last year.

II. Analysis and Commentary

This week, the Aniline market continued its slight upward trend, with mainstream aniline prices climbing to between 7,750 and 7,850 CNY per ton. Downstream buyers stocked up ahead of the holiday season, leading to decent trading activity. Meanwhile, Aniline manufacturers maintained stable inventory levels, easing sales pressure. As market sentiment warmed up, major producers collectively raised their prices.

On the cost front: This week, pure benzene prices remained volatile but leaned slightly weaker. Spot prices in East China saw a narrower decline, while low-priced deals in Shandong continued to perform well. Weekly operating rates edged down slightly, and refining margins stayed at low levels amid fluctuating conditions. Port inventories declined, supporting relatively solid fundamentals, with spot prices remaining firm and basis premiums rebounding. However, higher-than-expected import volumes and weak downstream product margins are weighing on the market, leading to a cautiously bearish outlook.

3. Expectations for the Afternoon Market

Currently, the Aniline market is experiencing stable trading activity. As the end of the month approaches, downstream industries are nearing the completion of their inventory preparations. Additionally, transportation disruptions during the upcoming dual holidays are expected to keep the market in a consolidation phase going forward.