1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the aniline market performed weakly in July. On July 1st, the market price of aniline was 7900 yuan/ton, and on July 29th it was 7375 yuan/ton, a decrease of 6.65% during the month and a decrease of 27.16% compared to the same period last year.
2、 Analysis and Review
The aniline market in July was mainly affected by costs and its own supply and demand. At the beginning of the month, mainstream factories led the decline and prices were widely lowered. Multiple sets of maintenance devices were restarted one after another within the week, and the supply side weakened. Due to the decline in crude oil prices and high port inventories, the raw material pure benzene experienced a weak downward trend, while aniline saw a wide decline, with the lowest price dropping to 7000 yuan/ton. Subsequently, aniline fell to a low level, and low prices began to rise. Downstream demand entered the market, and new orders were scarce. Upstream pure benzene oscillates narrowly, but it still supports aniline. In mid to late July, the market supply and demand remained stable, and aniline was mainly affected by fluctuations in raw materials, with the overall increase being smaller than the decrease.
Pure benzene: The pure benzene market fluctuated in July, with the lowest price occurring on July 8th due to its own supply and demand as well as macro privacy concerns. On July 1st, the average price of pure benzene was 5942 yuan/ton, and on July 29th, the average price was 5988 yuan/ton, with a monthly increase of 0.74%.
3、 Future expectations
The current supply of aniline in the market is stable, with average demand, which continues to drive up downstream resistance. In addition, the weak trend of pure benzene is expected to lead to a narrow consolidation and operation of the aniline market in the short term.
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