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Home > News > Morning Market Note for Aniline (September 17, 2026)

Morning Market Note for Aniline (September 17, 2026)

Published on 2026-09-17

I. Key Focus Points

Pure Benzene: Supply risks from Saudi crude oil have intensified, and the U.S.-Iran standoff persists. ICE Brent crude futures for November delivery rose $3.07/bbl to $108.75, a week-on-week increase of 2.90%. With crude prices remaining at high levels recently, cost and supply factors continue to support pure benzene. Market transactions were active yesterday, and prices are expected to consolidate at high levels today.

II. Price Table

Region Sep 17 Sep 16 Change
East China 13,770 13,770 0
Shandong 13,600 13,600 0
Notes:
1. Prices in East China (CNY) represent ex-factory acceptance with tax included; prices in Shandong (CNY) represent ex-factory cash settlement.
2. The two price points refer to spot prices from the two weeks preceding this week, not weekly averages.
3. The change value represents the week-on-week variation.

III. Data Table

Aniline Industry Supply-Demand Data
Data Type 2026/9/10 2026/9/3 Change Rate Next Week Outlook
Capacity Utilization 81.15% 80.22% 0.93%
Production Profit Margin 23.46% 29.14% -5.68%
Output 8.29 8.2 0.09
1. Capacity utilization refers to the ratio of actual production by manufacturers to their total capacity, reflecting production activity.
2. Production profit margin is industry-level data, reflecting the overall profitability across mainstream regions, calculated as industry profit divided by average price.
3. Output refers to the weekly production volume of the domestic aniline industry, unit: 10,000 tons.

IV. Market Outlook

Costs have strengthened again, squeezing aniline profit margins. Overall market sentiment remains positive, with most buyers entering the market based on actual demand.

Comments

0
  • Elena Vasquez 2026-09-17 20:05
    Benzene feedstock costs remain elevated due to geopolitical tensions, squeezing aniline margins despite rising capacity utilization. I expect high-level consolidation ahead, as sustained crude risks limit downstream pric..
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