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SunSirs: MDI Market Is Strong Finishing

December 03 2019 10:47:24     SunSirs (John)

Price trend

According to the data of SunSirs, as of December 2, the average domestic MDI market price was reported at 12,775 RMB/ton, and the price rose 2.00% month-on-month and 4.07% year-on-year i. The overall market situation is relatively strong.


Analysis review        

Product: The domestic aggregate MDI market is stable and strong. North China and East China Wanhua cargo Negotiation: 12900-13000 RMB/ton; Shanghai cargo Negotiation: 12600-12700 RMB/ton; South China Wanhua cargo Negotiation: 12900 RMB/ton; Shanghai cargo Negotiation: 12500-12600 RMB/ton. At present, the spot market is tightening, the operators are reluctant to sell at low prices, and the factory price is stable, so the operators have enough confidence in the future market.

In terms of market, the aggregate MDI market in North China and Shandong moved up and steady. The spot market is tightening, the operators are reluctant to sell at low prices, the downstream just need to follow up is limited, and the market high-level trading is not smooth. East China aggregate MDI market moved up in stability. Wanhua new moon news came out, the market is waiting for more news from other enterprises, but due to the tight spot, the operators are reluctant to sell at low prices, the downstream market is cautious, and the market is short of trading volume. South China aggregate MDI market range consolidation. There is no obvious change in the market fundamentals. The market is more cautious to wait for the price and quantity news of other enterprises. The industry is steadfast to discuss the shipment and the downstream is cautious to receive the offer.

Industrial chain: In terms of raw materials, pure benzene Market in Asia: the turnover in January was 660 US dollars / ton FOB South Korea. Domestic pure benzene Market: the pure benzene Market in East China maintains a firm operation. The negotiation reference is 5400-5450 RMB/ton, the high selling price is insisted, and the far monthly negotiation is 5200-5300 RMB/ton. Part of the purchase is waiting and waiting, responding to the lack of high-end products, and the enthusiasm for goods preparation is limited.

The aniline plant has high inventory, and the plant is bidding to promote shipments. The raw material benzene is high outside the disk, there is a possibility of rising, and the cost side is favorable and well supported. The price is expected to be stable, with East China referring to 6,800-6900 RMB/ton, and North China referring to 6,640 RMB/ton.


Market outlook

On the positive side, companies have less volume on the market; the supplier intends to stabilize the market. On the negative side, the terminal just needs to be upgraded to a limited extent; part of the downstream still has pre-stocks, mainly for digesting inventory. SunSirs MDI analysts predict that the short-term domestic aggregate MDI market will be stable and strong.


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