Price trend
According to SunSirs' commodity price analysis system, the aniline market experienced multiple price increases in January. On January 1st, the price of aniline was 7,945 RMB/ton, and on January 16th, the price was 8,437 RMB/ton, representing a 6.2% increase during the period, but a 7.02% decrease compared to the same period last year.
Market Analysis
In January, the domestic aniline market continued to experience tight supply. Aniline factories maintained stable production, and downstream buyers entered the market to meet their essential needs. The price of benzene, the raw material, rose significantly, boosted by the increase in crude oil prices. Supported by low inventory levels and rising raw material costs, aniline prices were raised several times. In mid-month, prices continued to rise slightly, but the high price level increased resistance to further price increases.
Cost perspective: The price of benzene has risen significantly recently. The deteriorating situation in the Middle East has driven up crude oil prices, and the strong upward trend in downstream styrene prices has boosted demand for benzene, leading to a positive upward trend in the benzene market.
Market Outlook:
As of January 16th, the aniline market was trading steadily. Downstream buyers were less willing to purchase high-priced raw materials. It is expected that the aniline market will consolidate after the recent price increase in the short term. Close attention should be paid to future changes in raw material prices and supply and demand dynamics.
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