SunSirs: Supply and Demand Gamed, the Aniline Market Fluctuated within the Range in December
December 30 2024 08:56:38 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the aniline market fluctuated in December, with a slight overall increase. On December 1st, the market price of aniline was 9,337 RMB/ton, and on December 27th, the price was 9,375 RMB/ton, with a monthly increase of 0.4% and a decrease of 12.89% compared to the same period last year.
Analysis review
The aniline market in December was dominated by supply and demand, with prices fluctuating within a range. In the first half of the month, the price of raw material benzene increased, and the profit of aniline narrowed. Under cost pressure, aniline slightly rose, and downstream acceptance was average. Subsequently, the market digested the increase, and the price remained stable. At the end of the month, the company's stock flow was average, and inventory pressure increased. At the same time, the price of benzene fell, and the price of aniline began to decline. The price fell to a low level, downstream entered the market at a low price, and after the release of upstream inventory, the price slightly increased.
Benzene: In December, the benzene market first rose and then fell. At the beginning of the month, downstream buying increased, and the price of benzene rose. Subsequently, there was a high-level consolidation and operation, while downstream prices of benzene saw a slight decline due to high raw material prices, tightened profits, and weak purchasing intentions. On December 1st, the average price of benzene was 7,338 RMB/ton, and on December 27th, the average price of benzene was 7,513 RMB/ton, an increase of 2.37% during the period.
Market outlook
The favorable support for the aniline market was insufficient, and the raw material benzene was showing a weaker trend. At the same time, the downstream was in a stalemate and waiting, and inventory was accumulating on the market. It is expected that the aniline market will operate to be weaker in the short term.
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