Aniline Prices: During the second quarter of 2023 | ChemAnalyst
For the Quarter Ending June 2023 North America: In the North American region, Aniline prices underwent shifts during Quarter 2 of 2023. Initially, the price trend exhibited resilience, leading to marginal price increments driven by elevated cost support from feedstock Benzene and the volatile movements of upstream Crude Oil prices. However, as mid-Q2 approached, cost pressures eased due to the downward trend in upstream prices, coupled with reduced consumption rates brought about by a decline in fuel demand due to rising temperatures. This period also witnessed consistent declines in feedstock Nitric Acid prices, influenced by contracting upstream Ammonia prices and diminished demand from the fertilizer sector. These factors collectively contributed to a decrease in Aniline's production costs. Throughout the mid-quarter phase, the price trend stabilized, supported by moderate supplies from exporters and a rise in container freight expenses. Sluggish demand persisted from dow...