1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of aniline has fluctuated and fallen this week. On March 9th, the market price of aniline was 11462 yuan/ton, and on March 6th, it was 10262 yuan/ton, a decrease of 10.17% during the cycle and an increase of 17.12% compared to the same period last year.
2、 Analysis and Review
The situation in the Middle East was volatile during the week, with crude oil rapidly recovering after breaking through $100, and the price of raw material pure benzene rapidly falling. Under the influence of cost, the price of aniline has been lowered. The current price of aniline is still at a high level, and downstream demand is entering the market, resulting in a weakened purchasing atmosphere and a stronger wait-and-see atmosphere.
On the cost side: There were signs of easing in the geopolitical conflict this week, coupled with the news of the G7 emergency meeting discussing the joint release of strategic oil reserves, market sentiment quickly cooled down. On March 10th, international crude oil prices sharply fell, cost support weakened, and pure benzene prices fell. Price fluctuates widely, downstream passively observes, and demand is average.
3、 Future expectations
At present, the macro level is still unclear, and as a result, the price of raw material pure benzene follows the changes in crude oil. It is expected that the price of aniline will remain high in the short term, and we will closely monitor the changes in raw material and market supply and demand in the future.