Price trend

According to the SunSirs’commodity market analysis system, the domestic MDI market saw a slight increase from August 4th to 8th, with the average price at the beginning of the week reaching 15,650 RMB/ton and the weekend price reaching 15,800 RMB/ton, a 0.96% increase over the previous week and a 9.37% decrease year-on-year. During the week, factory operations remains stable, price-supporting news is released, intermediary quotes are steadily rising, and downstream transactions are mostly small. The market sees a slight rise driven by supply and demand.

Analysis review

On the supply side, Totsoo Ruian's 80,000 ton/year MDI unit began maintenance on July 23rd, with an expected duration of approximately 35 days.

On the cost side, the recent fluctuations in raw material prices for benzene and aniline have had limited impact on polymeric MDI.

On the demand side, downstream demand is general, the trading atmosphere is cold, and transactions are mainly small orders.

Market outlook

The current MDI market is supported by the willingness of suppliers to maintain prices, and prices are tentatively pushed up. In the short term, there will be little change on the supply and demand side. It is expected that the MDI market will continue to face increasing resistance to growth in the short term, and the market will consolidate.

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