Price trend

According to the monitoring of the bulk data of SunSirs, the domestic aggregate MDI market is running down. The average price of the domestic aggregate MDI market at the beginning of the weekend was 12,175 RMB/ton. The price fell 1.42% from the same period last month and 0.20% from the same period last year.

Analysis review

This week, the aggregate MDI market was operating in a downturn. The main northern factory did not release a clear trading policy to the market this week. A factory in Shanghai continued its price stabilization last week and continued to refrain from assessing the amount of tasks. At the beginning of the month, other factories released goods slightly tighter, and there was less circulation of goods in the yard. Although the supplier's factory's willingness to start the market this week is not clear, it is "hazy".

In terms of raw materials, pure benzene: Shandong market rose during the week, and the regional differences were large. After falling to 2,800 RMB/ton, downstream and traders have bottomed out, the market trading atmosphere was strong. The pressure on local refining inventory has eased, and the supply of low-priced goods on the floor has continued to decrease. However, local refining manufacturers in the Dongying region were cautious about the pure benzene in the future market, and the sales volume was general, so the increase rate was small, and the price was around 2,950 RMB/ton. The mainstream prices of other refineries were between 3,000-3,100 RMB/ton, and high-end shipments were blocked.

Aniline: The aniline market rose steadily during the week. From the perspective of raw materials, the pure benzene market slumped last week. The Shandong market once fell to a low price of 2,800 RMB/ton, which caused the downstream aniline factories to be pessimistic and purchase on demand.

On the downstream side, spandex, currently more than 80% of the spandex industry starts, sticks to the high position, and manufacturers have ample supply. The cost-end support performance is general, the downstream terminal market demand is weak, and the overall market sentiment remains unabated. At present, the reference for 20D spandex mainstream negotiation in Jiangsu and Zhejiang is 35,000-36,000 RMB/ton; the reference for 30D spandex mainstream negotiation is 34,000-35,000 RMB/ton; the reference for 40D spandex mainstream consultation is 28,500-29,500 RMB/ton, the actual single transaction is discussed in detail.

Market outlook

There are still low-priced goods released from supplier factories, and traders are actively bidding for shipments. Analysts of Aggregation MDI of SunSirs predict that the price of the aggregated MDI market in the short term may continue to fall.

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