Price trend
According to the Commodity Market Analysis System of SunSirs the aniline market fluctuated in November, with a slight overall increase. On November 1st, the market price of aniline was 9,100 RMB/ton, and on November 29th, the price was 9,337 RMB/ton, an increase of 2.61% during the month and a decrease of 24.39% compared to the same period last year.
Analysis review
The aniline market in November was dominated by supply and demand, with prices fluctuating within a range. In the first half of the month, the on-site equipment came to a halt, which boosted the news and pushed up the upstream market, resulting in an increase in aniline prices. In the middle of the month, parking facilities resumed operation, and the demand for gas in the venue weakened, leading to a stagnant market and consolidation. At the end of the month, the market ushered in a new round of maintenance equipment restart, causing a wide decline in aniline prices. Subsequently, raw material prices rose, and downstream companies entered the market at a low price, resulting in improved purchasing power. Aniline prices rebounded after falling.
Benzene: In November, the benzene market rose in a climbing manner. The overall supply of benzene in November was loose, and there was a lot of pressure on imported goods. Downstream traders entered the market at a low price. There was a wave of rise in the second half of the month, but the momentum for further increase was insufficient. At the end of the month, the market turned from rising to falling. On November 1st, the average price of benzene was 7,109 RMB/ton, and on November 29th, the average price of benzene was 7,362 RMB/ton, with a 3.09% increase during the period.
Market outlook
The favorable support for the aniline market WAs insufficient, and the raw material benzene is showing a weak trend. At the same time, downstream demand was sluggish, and the mentality of industry players was not good. It is expected that the aniline market will operate weakly in the short term.
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