October 16th report:
I. Price Trends
According to the commodity market analysis system, the Aniline market in China continued its upward trend this week. The price of Aniline was 15,700 CNY/ton on October 12 and 16,100 CNY/ton on October 16, with a weekly increase of 2.55% and a year-on-year increase of 101.38%.
II. Analysis and Commentary
During the week, planned maintenance began at Tianji in Shanxi, and Xuyang Connell in Jilin is also scheduled for maintenance, which is expected to tighten market supply and boost market confidence. The price of raw material benzene has been adjusted upwards multiple times, and under the pressure of cost, the price of aniline has risen. As of this Friday, the mainstream quotation for aniline in China is 16,100-16,300 CNY/ton.
Cost aspect: Recently, the market price of pure benzene has increased. The inventory in the main ports of East China is low, and some short positions have been replenished at mid-month delivery, driving up the market price. The trading of pure benzene in Shandong is decent, with active buying at lower prices. The demand is stable, and the supply is expected to remain slightly tight in the short term, supporting a firm market trend.
3. Market Outlook
The current price of Aniline has risen to a high level, and the downstream acceptance capacity has weakened, with mainly rigid demand. It is expected that Aniline will face significant resistance to further increases in the short term. Closely monitor changes in costs and demand.
