1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the aniline market saw a broad rise in March. On March 1st, the market price of aniline was 9145 yuan/ton, and on March 31st, the price was 11362 yuan/ton, an increase of 24.25% during the period, and an increase of 41.59% compared to the same period last year.
2、 Analysis and Review
At the beginning of the month, the situation in the Middle East remained tense, with international crude oil prices running at high levels, driving up the prices of upstream raw materials such as pure benzene. Pure benzene is the main raw material for aniline, and recently, the price of pure benzene has risen sharply, causing the price of aniline to skyrocket. Coupled with recent maintenance plans from major factories and low inventory levels, the price of aniline has exceeded 10000 yuan. Subsequently, the situation in the Middle East changed rapidly, with crude oil breaking through $100 and quickly rebounding, and the price of raw material pure benzene falling rapidly. Under the influence of cost, the price of aniline has been lowered. Starting from mid March, prices have steadily increased due to the impact of cost and supply and demand, reaching a high level. Downstream demand driven entry into the market, gradually accepting high-end raw materials, and the market transaction situation is still acceptable.
Pure benzene: The pure benzene market experienced a sharp rise and fall in March, influenced by the geopolitical situation, with prices deviating from fundamentals and a significant impact on market sentiment. In the future, refineries are concerned about the stability of raw material supply and have entered defensive production cuts. They are closely monitoring the situation of their peers in the Strait of Hormuz, and the short-term pure benzene market is prone to rise but difficult to fall.
3、 Future expectations
The current aniline market continues to strengthen due to cost support, coupled with major factory maintenance and supply side tightening. It is expected that the aniline market will continue to rise at a high level in the short term.