Price trend

According to the Commodity Market Analysis System of SunSirs, the price of aniline has further declined this week. On March 10th, the market price of aniline was 8,962 RMB/ton, and on March 14th it was 8,762 RMB/ton, a decrease of 2.23% during the period and 18.01% compared to the same period last year.

Analysis review

This week, the aniline market has been dragged down by costs, resulting in a significant drop in prices. During the week, mainstream manufacturers lowered their prices by 200 RMB/ton, and the mainstream price of aniline dropped to 8,700-8,850 RMB/ton. The overall shipment of aniline factories was not smooth, inventory accumulated, and there was insufficient confidence in the market. After the price fell, they digested and organized the operation, and the increase in trading volume was limited.

On the cost side: This week, there has been a wide decline, and the operating rate of benzene has rebounded. The inventory of benzene in ports continued to decrease. Considering the decrease in the amount of benzene arriving at ports in mid to early March, the decrease in port inventory may continue. Downstream caprolactam production was at a high level, and the demand for benzene was relatively strong. As of March 14th, cost support was still the main factor.

Market outlook

The price of benzene raw material was weak, and the purchasing and sales atmosphere of the aniline market was not good. It is expected that the aniline market will be weaker in the short term.

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