SunSirs: The Aniline Market Fluctuated and Rose in August
September 02 2024 09:06:05 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the aniline market fluctuated and rose in August. On August 1st, the market price of aniline was 9,825 RMB/ton, and on August 30th, the price was 10,125 RMB/ton, an increase of 3.05% during the month and a decrease of 9.34% compared to the same period last year.
Analysis review
In August, the aniline market first rose and then fluctuated and fell back, with gains giving up but an overall upward trend. At the beginning of the month, due to the low price of aniline and the inverted profits of upstream enterprises, mainstream factories began to push up prices, boosting market purchasing power. Aniline prices rose three times in a row, exceeding the 10,000 RMB/ton mark. Subsequently, the market entered the stage of digesting the increase, with upstream inventory falling to a low level and downstream demand dominating. Under the premise of reasonable control of inventory and stable supply, aniline prices were flexibly adjusted, resulting in a weak market trend at the end of the month.
Pure benzene: The pure benzene market fluctuated and rose in August. At the beginning of the month, the price fell due to the negative macro sentiment. Subsequently, some downstream units restarted, and the demand side was favorable, causing pure benzene prices to fluctuate and rise. On August 1st, the average price of pure benzene was 8,438 RMB/ton, and on August 29th, the average price of pure benzene was 8,568 RMB/ton, a decrease of 1.54% during the period.
Market outlook
The purchasing power of the aniline market was weak, downstream profitability was average, and the ability to accept high priced raw materials was limited. It is expected that the aniline market will experience narrow fluctuations in the short term.
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