The aniline market fluctuated and fell in September

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the aniline market fluctuated and fell in September. On September 1st, the market price of aniline was 10125 yuan/ton, and on September 30th it was 10062 yuan/ton, a decrease of 0.62% during the month and a decrease of 26.68% compared to the same period last year.

2、 Analysis and Review

The aniline market continued to rise in September due to insufficient momentum, resulting in an overall decline. At the beginning of the month, the reduction in aniline supply from the East China factory, coupled with short shutdowns of factories in other regions, tightened supply and boosted market confidence. Upstream goods flow smoothly, downstream actively enters the market, low-priced goods flow well, and aniline prices rise. Subsequently, the price of aniline rose to a high level, and on the 11th, the raw material pure benzene was lowered by 300 yuan/ton. Due to cost constraints, aniline was lowered by 200 yuan/ton. Pure benzene has not stopped falling, while aniline continues to experience a slight decline. At the end of the month, major factories raised prices, with a collective increase of 100 yuan/ton, and trading remained relatively stable on the market.

Pure benzene: The pure benzene market experienced multiple downturns in September, influenced by a macro bearish sentiment. In early September, there was a broad decline, although there was a rebound in the latter half of the month, pure benzene production remained at a high level, with a significant supply-demand imbalance and a tendency to fall but difficult to rise. On September 1st, the average price of pure benzene was 8613 yuan/ton, and on September 28th, the average price of pure benzene was 82428 yuan/ton, a decrease of 4.31% during the period.

3、 Future expectations

The current purchasing power in the aniline market is average, approaching the National Day holiday, and downstream stocking is coming to an end. The support for raw material pure benzene is slightly weak, and the positive support is insufficient. It is expected that the aniline market will consolidate in the short term.