1. Price trend
Market Analysis: The price of aniline has risen sharply this month. The price of aniline has increased significantly at the beginning of the month, and the price of aniline has stabilized in the middle and late period. The average price of aniline this month increased by 20.52% from the beginning of the month and 11.6% from the same period last year.
2. Analysis and Comment
In terms of raw materials, the pure benzene market has generally increased this month, with prices increasing step by step. 1. Crude oil has risen broadly and the cost is sufficient. 2. The arbitrage window in Asia and the United States is closed, and the price of pure benzene in China is high. Therefore, the import volume of pure benzene in September is at a high level. And the overall supply of pure benzene market is sufficient. 3. Downstream profitability is poor. Styrene prices first rose and then fell, rising 6.33% compared to the price at the beginning of the month.
In September this year, the price of aniline increased significantly and remained stable in the middle of the year. There is a strong bullish atmosphere in the market, there is no pressure on factory shipments, and the quotations are actively raised. The fundamentals of aniline are relatively strong, with rising bidding prices for northern factories and strong cost support. The demand side is following up normally, and with Wanhua’s maintenance plan being fulfilled within the month, the market’s positive guidance is obvious. There is no pressure on aniline factory shipments, and the quotations continue to rise.
3. Market Outlook Forecast
The demand for pure benzene in the region is strong, downstream purchases are normal, and traders are just in need of replenishment, which drives the focus of transactions to continue to shift upward, and crude oil prices generally rise on the outside.
Pure benzene is still likely to fall in the short term, and the cost support of aniline is insufficient. There was a strong bullish atmosphere in the aniline market in September, there was no pressure on factory shipments, and the quotations were actively raised. The fundamentals of aniline are relatively strong. In the later period, we will continue to pay attention to cost trends, changes in downstream demand, and changes in the operating rate of aniline units.
Post time: Oct-11-2023