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SunSirs: Domestic MDI Market Operated in a Consolidation
January 17 2023 09:46:01SunSirs(John)

Price trend

According to the monitoring of SunSirs, the domestic MDI market operated in a consolidation. From January 9 to 13, the market price of domestic MDI fell from 15,040 RMB/ton to 14,960 RMB/ton, with a price drop of 0.53% in the week, a month-on-month increase of 3.17% and a year-on-year decrease of 29.37%. Traders were willing to ship goods, and most of them were willing to sell goods at a profit-cutting. Downstream customers gradually entered the holiday mode, and some thermal insulation industries would have holidays next week; The recent export orders of the ice-cold industry were general, and the domestic demand had not yet started, and the overall promotion was relatively slow. The overall consumption capacity of the downstream was limited, and the market was weak and mainly followed up.

Analysis review

On the supply side, the delivery was slow in the early periods before the Spring Festival, and the overall consumption capacity was limited. In the short term, the starting load of the main production enterprises changed little, and it was difficult to adjust the current imbalance. The weak supply side atmosphere was more prominent.

In terms of cost, raw material pure benzene: the market of pure benzene was relatively strong. On January 13, the benchmark price of pure benzene of SunSirs was 6,965.50 RMB/ton, up 6.63% from the price on January 1 (6,532.17 RMB/ton). Raw aniline: On January 13, the benchmark price of aniline in SunSirs was 9,783.33 RMB/ton, down by - 5.82% compared with that of January 1 (10,387.50 RMB/ton). The cost of MDI was mixed.

On the demand side, the overall performance of the downstream industry was relatively general, and the terminal entered the holiday mode one after another, and the overall support capacity was limited.

Market outlook

As the Spring Festival approaching, the downstream entered the holiday mode one after another. The MDI analyst of SunSirs predicted that the domestic MDI market was mainly in the downturn and consolidation.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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