July 10th 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 9,825 CNY per ton on July 6th and reached 10,725 CNY per ton on July 10th, with a weekly increase of 9.16%, and a year-on-year increase of 50.1%.
II. Analysis and Commentary
During the week, the supply of Aniline was tight, with manageable inventory levels for enterprises and stable demand, leading to a price increase. At the same time, the price of raw material benzene strengthened, and major domestic producers raised their listed prices for benzene. Driven by both raw material costs and demand, the price of Aniline increased by 500 CNY/ton and 400 CNY/ton during the week. As of this Friday, the mainstream quotation for Aniline in China was 10,700-10,800 CNY/ton.
Cost perspective: During the week, the recurring conflicts in the Middle East led to an increase in crude oil prices. The operating rate of benzene production reached a historical low, resulting in tight supply and driving up the price of pure benzene. The operating rates of downstream industries have declined, with some experiencing losses, leading to pressure on operating rates. Overall, the current cost support is strong, and there is an expectation of increased exports. It is expected that the pure benzene market in China will show a strong trend in July.
III. Future Market Outlook
The current aniline price has risen to a high level, with downstream players cautiously entering the market and demand slowing down. It is expected that in the short term, the aniline market in China will digest the price increase. Closely monitor changes in costs and demand.
