SunSirs: The Aniline Market Saw a Slight Increase in February

Price trend

According to the Commodity Market Analysis System of SunSirs, the aniline market operated smoothly in February, with a slight overall increase. On February 1st, the market price of aniline was 9,075 RMB/ton, and on February 26th, it was 9,162 RMB/ton, with a monthly increase of 0.96% and a decrease of 16.61% compared to the same period last year.

Analysis review

The fluctuation range of aniline in February was relatively small and fluctuated within a certain range. At the beginning of the month, supported by raw material prices, the price of aniline slightly increased. However, due to the impact of the Spring Festival, downstream demand has recovered slowly after the holiday, and the speed of aniline shipment has slowed down, resulting in high market inventory. In mid to late month, the price of raw material benzene continued to rise; while aniline profit margins have decreased, factories have raised prices, and under the influence of costs and supply and demand, prices have remained stable until the end of the month.

Benzene: In February, the benzene market first rose and then fell, with a strong rise in the first half of the month and a rebound in the second half. In the first half of the month, Shandong's local refining companies had good shipments. Shandong LihuaYi's 200,000 ton benzene plant began planned maintenance, and Sinopec's benzene listing price was raised by 100 to 7,750 RMB/ton, causing a price increase. Subsequently, Shandong's local refining companies had poor shipments, and the market started to promote sales, resulting in price reductions. On February 1st, the average price of benzene was 7,553 RMB/ton, and on February 26th, the average price of benzene was 7,753 RMB/ton, with a 2.65% increase during the period.

Market outlook

The sales situation in the aniline market was average, with raw material prices falling and profits recovering. There are plans for major factories to conduct maintenance in the future, and it is expected that the aniline market will consolidate and strengthen in the short term.

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