1、 Price trend
This week, the aniline market first rose and then stabilized. On October 19th, the price of aniline in the market was 16400 yuan/ton, and on October 23rd, it was 16600 yuan/ton. The price increased by 1.22% during the week and 107.63% compared to the same period last year.
2、 Analysis and Review
At the beginning of the week, the factory unexpectedly shut down, leading to further tightening of aniline supply and driving up aniline prices. Subsequently, the price of aniline rose to a high level, and the price of raw material pure benzene became loose. In addition, downstream suppliers had poor willingness to accept high priced raw materials and purchased them on demand. After the price of aniline rose, it stabilized. As of this Friday, the mainstream domestic price for aniline is 16500-16600 yuan/ton.
Cost aspect: Recently, the market price of pure benzene has fluctuated and fallen. Zhejiang Petrochemical and Hainan Refinery have successively restarted, and the supply of pure benzene has increased. The cost transmission of downstream factories is poor, especially the phenol ketone unit has reduced production significantly. With low port inventory and limited support from later arrivals, the price of pure benzene has fluctuated and fallen.
3、 Future expectations
Jinling equipment has been restored, the pressure on spot supply is gradually decreasing, and market trading has returned to stability. It is expected that the aniline market will operate steadily in the short term without significant fluctuations in raw materials, and we will closely monitor changes in costs and demand.