This Week's Aniline Market Shows a Small Increase (11.17-11.21)

November 21st, According to a report,

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 7,800 CNY per ton on November 17, and 7,825 CNY per ton on November 21, with a price increase of 0.32% within the period, which is 13.89% lower than the same period last year.

II. Analysis and Commentary

This week, the aniline market in China operated firmly. By Friday, the mainstream price of aniline in East China was 7,800-7,900 CNY/ton. During the week, the supply of aniline in East China was tight, with low inventory levels, and downstream demand entered the market out of necessity. The cost support was strong, boosting the confidence of market participants, and the price of aniline rose firmly.

Cost perspective: This week, the pure benzene market experienced low-level fluctuations. The rise in foreign markets drove up prices in China, but due to the weak fundamentals of pure benzene, prices quickly fell back. With continued high imports and high import expectations for November, the pure benzene market is more likely to fall than to rise.

3. Future Market Expectations

The current aniline market in China is stable with less inventory pressure. It is expected that the aniline market will show a stronger trend in the short term. Closely monitor the changes in raw materials and supply and demand.