This Week's Aniline Market Stabilizes in China (5.4-5.8)

May 8th News

I. Price Trends

According to the commodity market analysis system, the price of Aniline remained stable this week. The market price of Aniline was 11,662 CNY/ton on May 4th and 11,662 CNY/ton on May 8th, with no change during the period. Compared to the same period last year, the price increased by 66.01%.

II. Analysis and Commentary

During the week, the Aniline market remained stable due to the May Day holiday. The shipment situation of enterprises was average, and downstream buyers entered the market based on demand, mainly driven by rigid demand. The price of raw material pure benzene from Sinopec's refineries in East China, South China, and Central China was reduced by 350 CNY/ton, and the new price of 8,500 CNY/ton was implemented on May 8. As a result, the cost support for Aniline weakened, leading to insufficient market confidence.

Cost aspect: Geopolitical tensions have eased somewhat, putting pressure on oil prices. Pure benzene, influenced by the decline in oil prices, has also seen a drop in its price. Looking ahead, although some downstream sectors are showing negative feedback, the supply and demand situation for pure benzene remains tight in China, with port inventory continuing to decrease, providing support for prices.

III. Future Market Outlook

The current domestic Aniline market price is high, with weak demand. Additionally, there is a significant drop in raw material prices. It is expected that the Aniline market in China will likely decline in the short term.