In Q1 2025, the Aniline market turned bearish, with prices in Belgium (FD Antwerp) dropping sharply to USD 1,465/MT, marking a 7.8% decline. The Lunar New Year holiday in China led to temporary plant shutdowns, reducing production and lowering demand. This slowdown extended into China’s market, where excess inventory and a decline in feedstock costs further contributed to the bearish sentiment. Additionally, a global reduction in freight costs and improved logistics efficiency led to smoother supply chains, further easing price pressures. However, steady demand from packaging and insulation materials prevented a more drastic downturn in Aniline prices.
In Q1 2025, Indian Aniline prices (Ex-Bharuch) fell to USD 1470/MT, a fall of 4.5% from Q4 2024. Better quality feedstock supply of Benzene from overseas brought down the input cost. Reduced oil prices on a global basis helped in less stringent energy and production costs. Better trade flow and lower tariff on some of the chemical imports through the USA also helped release market pressure.







