Aniline Market Morning Brief (20260909)

1. Market Focus

Pure benzene: International crude oil prices stayed firm on geopolitical risk support, boosting the cost side for pure benzene. Market supply has increased notably, while demand growth has been limited. In the short term, however, cost support is competing with expectations of weaker supply-demand fundamentals, and prices are expected to consolidate at high levels today.

2. Price Table

Notes:

1. In the table above, the East China RMB price is an ex-works price on acceptance, VAT included. The Shandong RMB price is an ex-works spot exchange price.
2. The two listed prices are point-in-time prices for the two weeks before the current week, not weekly averages.
3. The change value is calculated on a period-on-period basis.

3. Data Table

Aniline Industry Supply–Demand Data Table

Notes:

1. Capacity utilization rate is the ratio of producers' plant output to capacity and is an indicator reflecting production.
2. Production profit rate is industry-level data, reflecting the overall profitability of the industry in major regions. It is calculated as the ratio of total industry profit to the average price.
3. Output refers to the weekly output of the domestic aniline industry, in 10,000 tons.

4. Market Outlook

Some enterprises have seen only average shipments and have started to build inventories, while others are moving goods steadily and keeping inventory low. At present, caution prevails across the market, with most participants taking a wait-and-see stance and only a small number of firm orders entering the market as usual.