Price trend

According to the Commodity Market Analysis System of SunSirs, from July 14th to 18th, the domestic MDI market saw a slight increase, with an average price of 15,016 RMB/ton at the beginning of the week and 15,066 RMB/ton at the end of the week. The increase during the period was 0.33%, and the year-on-year decrease was 12.23%. The factory started operating steadily during the week, with suppliers tentatively pushing up prices and low prices converging. However, high price transactions are difficult, and downstream acceptance is still relatively low. This week, the MDI market sees a slight increase.

Analysis review

On the supply side, the Wanhua Fujian plant was shut down for maintenance on June 5th, with a duration of about 45 days; Restarting gradually in early July; The 80,000 ton/year MDI plant in Dongcao Rui'an will begin maintenance on July 23rd and is expected to last for about 35 days..

In terms of cost, both benzene and aniline raw materials have experienced varying degrees of decline recently, with average support from raw materials.

On the demand side, downstream demand is average, trading atmosphere is quiet, intermediaries have inventory pressure, and after a slight increase in prices, inquiries increase and trading volume is average.

Future outlook:

The current MDI market is at a low level, and with the restart of facilities in Fujian, supply expectations are increasing. Under strong supply and weak demand, it is expected that the MDI market will operate steadily at low levels in the short term.

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