July 24th, according to news,
I. Price Trends
According to the commodity market analysis system, the aniline market in China continued to rise this week. The price of aniline was 11,125 CNY/ton on July 20th and increased to 11,525 CNY/ton on the same day, a weekly increase of 3.6%, and a year-on-year increase of 59.08%.
II. Analysis and Commentary
During the week, Aniline supply was tight, with manageable inventory levels for companies. The price of raw material benzene increased due to a boost in crude oil prices, leading to higher production costs for Aniline. Additionally, with good market sales, the price of Aniline was raised multiple times. By this Friday, the mainstream quotation for Aniline in China was 11,500-11,600 CNY per ton.
Cost aspect: During the week, the situation between the US and Iran remained at a stalemate without further escalation, causing oil prices to fluctuate at high levels, providing support to benzene. The port inventory of benzene continued to decline and remained at a low absolute level, and the operating rate of the benzene industry maintained its lowest level of the year, keeping the supply and demand for benzene in a tight balance. The cost and supply-demand dynamics pushed up the price of benzene.
3. Future Market Expectations
The current price of Aniline has risen to a high level. Downstream buyers are entering the market based on demand, and with high costs, Aniline is selling smoothly. It is expected that Aniline will continue to operate at a high level in the short term. Closely monitor changes in costs and demand.
