Plant Status: Jinling Dongying (100 kt/a) has been shut down from September 28 to November 10; Jinling Dawang is undergoing maintenance from October 22 to November 3, with the unit currently restarting; Shanxi Tianji is operating normally; Jilin Xuyang Kangnai'er is on rotating maintenance from October 13 to November 6; Nanhuazhen Unit 1 (100 kt/a) is operating at reduced load; Jiangsu Fuqiang plans maintenance from November 5 to November 25.
Table 1: Price Comparison of Key Domestic Markets and Major Producers
| Market | Producer | Pricing Terms | Nov 4, 2026 | Change | % Change | Unit |
|---|---|---|---|---|---|---|
| East China | Bank Acceptance Draft Ex-Works | 16,750 | 0 | 0% | CNY/t | |
| North China | Bank Acceptance Draft Ex-Works | 16,600 | 0 | 0% | CNY/t | |
| Shandong Jinling | Bank Acceptance Draft Price | 16,600 | 0 | 0% | CNY/t | |
| Dongying Huatai | Bank Acceptance Draft Price | 16,700 | 0 | 0% | CNY/t | |
| Nanhua Group | Bank Acceptance Draft Price | 16,750 | 0 | 0% | CNY/t | |
| Jiangsu Fuqiang | Factory Gate Bank Acceptance Draft Price | 16,750 | 0 | 0% | CNY/t |
Data Source: Chempricehub Information
Market Dynamics: With pure benzene prices falling rapidly, market confidence remains low, and most buyers are adopting a wait-and-see attitude. The nitrobenzene market adjusted downward rationally, while aniline prices remained high due to tight spot supply support.
Figure 1: Aniline Price Trend Chart (CNY/t)
Data Source: Chempricehub Information
Figure 2: Weekly Aniline Output & Capacity Utilization Rate in 2026 (kt, %)
Figure 3: Comparison of Aniline Capacity Utilization Rates in 2025–2026 (%)
Data Source: Chempricehub Information
Chempricehub Information predicts that the aniline market will remain stable. The cash price for aniline in North China is expected to trade around 16,500 CNY/t, while the bank acceptance draft price in East China is expected to hold around 16,750 CNY/t.
Pure Benzene: On November 4, spot prices for pure benzene in the East China market continued to decline, trading between 8,910 and 9,070 CNY/t, consistent with morning forecasts. Expectations of easing geopolitical tensions have persisted, putting pressure on crude oil prices and weakening cost support. The market sentiment is strongly bearish, with futures weakness dragging down spot prices. Holders are actively offering discounts to clear inventory, while downstream buyers, adhering to the "buy up, not down" mentality, are largely watching from the sidelines, resulting in thin actual transactions. As domestic units return to operation alongside expectations of increased imports, supply is becoming looser. Meanwhile, demand is entering the off-season, suggesting that the short-term weak downward trend will continue.
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