I. Key Points:
Instability in the Middle East continues, although both Russia and Ukraine have hinted at a willingness to engage in peace talks. ICE Brent crude futures for December closed at USD 108.82/bbl, up USD 0.03/bbl, representing a day-on-day increase of +0.03%. The market maintained premium transactions yesterday, with crude oil prices remaining firm during the early session. Today’s market is expected to open higher and consolidate.
II. Price Table
| Region | Oct 22 | Oct 21 | Change |
|---|---|---|---|
| East China | 16,750 | 16,750 | 0 |
| Shandong | 16,500 | 16,500 | 0 |
| Notes: | |||
| 1. Prices for East China are RMB ex-factory prices including VAT (acceptance basis); prices for Shandong are RMB ex-factory cash prices. | |||
| 2. The two price points represent specific snapshot prices from the past two weeks prior to this week, not weekly averages. | |||
| 3. The change value represents the period-over-period fluctuation. |
III. Data Table
| Aniline Industry Supply-Demand Data | ||||
|---|---|---|---|---|
| Data Type | 2026/10/15 | 2026/10/8 | Change Rate | Next Week Forecast |
| Capacity Utilization Rate | 84.44% | 87.68% | -3.24% | ↓ |
| Production Profit Margin | 25.10% | / | / | ↑ |
| Output | 8.63 | 8.96 | -0.33 | ↓ |
| 1. Capacity utilization rate reflects production levels, defined as the ratio of actual output by production enterprises to their total capacity. | ||||
| 2. Production profit margin is an industry-wide metric reflecting overall profitability in major regions, calculated as the ratio of industry profit to average price. | ||||
| 3. Output refers to the weekly domestic aniline industry production volume, measured in ten-thousand tons. |
IV. Market Outlook
Supply-side pressure provides bullish guidance to the market. However, volatile feedstock costs and downstream reluctance to accept high raw material prices limit upside potential for aniline. Consequently, the domestic aniline market remains flat as participants adopt a wait-and-see approach.
Comments
0