Aniline prices in North America rose in late April xxxx, supported by higher benzene costs driven by rising crude oil prices. While Aniline production remained moderate, the xx-day suspension of tariffs on EU imports led to increased U.S. Aniline orders, benefiting industries like MDI and polyurethane. Demand remained steady from the automotive sector amid an increase in vehicle sales. Looking ahead, prices are expected to rise further in mid-Qx xxxx due to strong demand, higher input costs, and increasing freight rates.
Aniline production rates in the exporting country were moderately low amid increased cost of feedstock benzene due to higher upstream crude oil prices, driven by growing industrial demand and increased production activity. WTI crude oil prices increased after U.S. Energy Secretary Chris Wright suggested halting Iran&#xx;s oil exports to address its nuclear program, adding pressure to benzene prices. This rise...
