Price trend

According to the Commodity Market Analysis System of SunSirs, the aniline market experienced a stepwise decline in March, with prices dropping to a low level. On March 1st, the market price of aniline was 9,162 RMB/ton, and on March 28th it was 8,362 RMB/ton, a decrease of 8.73% during the month and a decrease of 28.78% compared to the same period last year.

Analysis review

Aniline experienced a wide decline in March. At the beginning of the month, international oil prices began to decline weakly. The supply and demand support for benzene was weak, and the US Gulf price continued to fall below the price of benzene in South Korea, leading to bearish market sentiment. The production of aniline on the supply side was stable, and downstream demand was entering the market. Due to the decline in benzene, market confidence was insufficient, and aniline prices have begun to enter a downward channel. Subsequently, the price of raw material benzene continued to fall, and downstream aniline cautiously entered the market, resulting in low transaction volume and increased pressure on aniline inventory. In order to stimulate sales, the price continued to decline until late March.

Benzene: In March, the benzene market experienced a wide decline due to multiple factors such as international oil prices, external markets, and demand. The average price of benzene on March 1st was 7,518 RMB/ton, and the average price at the end of the month was 6,800 RMB/ton, with a monthly decline of up to 9.56%.

Market outlook

As of March 28th, the price of aniline was low, and factories have a strong willingness to raise prices. However, there was still a possibility of a downward trend in the future raw material benzene, and it is expected that the aniline market will operate and weaken in the short term.

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