This week, the Aniline market in China showed a strong increase (1.5-1.9)

January 9th News

I. Price Trends

According to the commodity market analysis system, the aniline market in China saw a significant increase this week. The price of aniline was 7,945 CNY/ton on January 5th and reached 8,145 CNY/ton on January 9th, with a price increase of 2.52% during the period. Compared to the same period last year, the price has fallen by 9.88%.

II. Analysis and Commentary

This week, the aniline market experienced a sharp rise at the high end. During the week, aniline production remained stable, and downstream buyers entered the market as needed. The substantial increase in crude oil prices boosted market confidence, and coupled with active restocking by downstream users, manufacturers collectively raised prices by 200 CNY/ton on Friday, pushing the mainstream aniline price to between 8,100 and 8,200 CNY/ton.

Cost perspective: This week, the pure benzene market in China showed a weak fluctuation. Recently, the supply of pure benzene is expected to increase, coupled with high port inventory, and demand remains weak. It is expected that the pure benzene market in China will continue to fluctuate within a range in the short term.

III. Future Market Outlook

The current aniline market in China is stable with low inventory pressure. It is expected that the aniline market will consolidate after a rise in the short term. Closely monitor changes in raw materials and supply and demand.