SunSirs: The Aniline Market Was Under Pressure and Declining This Week (August 12-16)

https://www.chemnet.com   Aug 19,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of aniline rose and then fell back this week. On August 12th, the market price of aniline was 10,550 RMB/ton, and on August 16th it was 10,120 RMB/ton, a decrease of 4.05% compared to last week and a decrease of 9.13% compared to the same period last year.

Analysis review

This week, the aniline market was under pressure and fell. Last week, the aniline market rose three times, but due to high prices and weak downstream demand, the aniline market fell back after rising prices to stimulate sales. With the decline in prices, there was a strong wait-and-see atmosphere downstream, and the enthusiasm for purchasing had decreased. Upstream inventory was low, and there was a clear willingness to raise prices.

Pure benzene: Recently, the pure benzene market has shown a stronger trend, with increased support for aniline. On August 12th, the average price of pure benzene was 8,464 RMB/ton, and on August 16th, the average price of pure benzene was 8,534 RMB/ton, an increase of 0.83% during the period.

Market outlook

As of the 16th, the purchase and sales of aniline in the market remained stable, with a strong upstream price mentality and downstream entering the market on demand. Supply and demand remained stable, and it is expected that the aniline market will consolidate in the short term.

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