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SunSirs: Aggregate MDI Market Downturned to Sort Out

July 06 2022 09:47:40     SunSirs (John)

Price trend

According to the sample data monitored by SunSirs, from June 24 to July 1, the domestic market price of aggregated MDI fell from 18,740 RMB/ton to 18,400 RMB/ton, with a price drop of 1.81% during the week and a month-on-month increase of 7.60%, a year-on-year increase of 1.52%.

Analysis review

The domestic aggregated MDI market was sluggish, the follow-up of real orders was very limited, and the trading atmosphere in the trade market was deserted. The monthly listings of major production enterprises have been announced one after another, and the listing prices in July were mostly stable. Traders were generally bearish on the market outlook, and there was a phenomenon of low-price sales in the market.

Raw material pure benzene: the price of pure benzene rose first and then fell. Crude oil continued to rise, and the market price rose due to the demand for short-filling at the end of the month. With the downward influence of bulk commodities and styrene disk, the market mentality weakened, and the center of gravity fluctuated and weakened.

In terms of aniline: the cost side and the supply side boosted the aniline market, and aniline maintained a short-term consolidation pattern.

In terms of enterprises, Yantai Wanhua's 1.1 million tons/year plant is operating normally; Ningbo Wanhua's 1.2 million tons/year plant is operating normally; Shanghai Covestro's 600,000 tons/year plant is operating normally; Shanghai Huntsman's 380,000 tons/year plant is operating normally, Shanghai BASF's 220,000-ton/year plant is operating normally; Chongqing BASF's 400,000-ton/year plant is operating normally; Tosoh Ruian's 80,000-ton/year plant is operating normally.

Market outlook

There are more maintenance plans for MDI installations, and the supply is expected to shrink. Analysts of the aggregated MDI of SunSirs predict that the domestic aggregated MDI market will be stalemate and sorted out.

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

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