Price trend

According to the price monitoring of SunSirs, the domestic aggregate MDI market is firm and high. As of May 13, the average price of the domestic aggregate MDI market was 12,500 RMB/ton. The price increased by 13.12% from the same period last month and down 26.47% from the same period last year.

Analysis review   

Product: The aggregate MDI market is running strongly, with firm market prices. The news on the supply side was positive and the market continues. The supply of the main manufacturers is tight, and the shipping pressure of the agents is not high, the quotation is high, and the shipment is discussed. On the demand side, supported by the government's support policy, the real estate market is picking up, and the epidemic has promoted the growth of consumer terminals' demand for environmental disinfection. Kitchen appliances companies have also launched a development strategy for suite sales, which shows their advantages and overall demand.

Industrial chain: Pure benzene: Shandong local downstream enterprises purchase on demand, the demand side is acceptable. Negotiations in East China's pure benzene market are general, but there is no pressure on the inventory of pure benzene factories. The Shandong market is mainly stable, with mainstream prices at 3,400-3,600 RMB/ton.

Aniline: The aniline plant in Shandong currently focuses on shipments to destock, while the sales volume of the aniline plant in East China has increased, and the market remains stable. Pay attention to the follow-up bidding situation of Jinling pure benzene. The mainstream of the Shandong market is 4,600 RMB/ton for spot exchange, and 4,690 RMB/ton for acceptance. The East China market refers to 4600-4800 RMB/ton for acceptance.

Market outlook

SunSirs' point of view: Inquiry sentiment of downstream customers in the distribution market has changed slightly, increasing compared with pre-holiday inquiry However, due to sufficient inventory constraints, small order purchases are the main focus. Analysts of Aggregation MDI of SunSirs predict that the price of the aggregated MDI market in the short-term will run steadily and wait and see changes in market transactions.

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