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SunSirs: MDI Market Stalled in June
July 03 2020 14:42:31SunSirs(John)

Price trend

In June, the domestic aggregate MDI market was in stalemate. According to the sample data monitored by SunSirs, the average price of the domestic aggregate MDI market was 12,250 RMB/ton at the beginning of the month, and the price of the aggregate MDI was 12,175 RMB/ton at the end of the month. The price fell by 0.61% during month-on-month. The price fell by 1.02% year-on-year.

 

Analysis review

Product: In June, the domestic aggregate MDI market oscillated in a stalemate range, the price fluctuation range was small, and the overall trend was weak. The average load on the supply side of this month has slightly increased compared with May. The installations of Shanghai BASF and Shanghai Huntsman have been basically completed after mid-June, and the installations in the Ruian factory were still in the parking state. The load of the Covestro device increased slightly, and the Wanhua Yantai device began maintenance in early July, which lasted about 45 days. At the end of this month, the July listed prices of the main factories were all stable, and the June settlement prices were all high. The market outlook of the industry was confused.

Industrial chain: In terms of raw materials, pure benzene: The price of pure benzene in East China rose first and then fell this month. In the first half of the month, the price rose due to the rise of crude oil. In the second half of the month, the pressure of port picking up appeared, suppressing the weakening of spot prices.

In terms of aniline, during the month, the aniline market rose steadily in the first half of the month and prices fell in the second half of the month. In the first half of the month, the aniline plants in Shandong Jinling and Huatai were reduced in load by half, and the aniline plants in Jilin Cornell and Lanzhou Petrochemical were shut down for maintenance and the market supply decreased.

Industry: According to the price monitoring of SunSirs, in June 2020, there were 40 kinds of commodities in the chemical industry sector of the list of commodity price rise and fall, of which 18 commodities increased by more than 5%, accounting for 20% of the total number of commodities monitored in this sector; the top three commodities were hydrogen peroxide (32.19%), ethylene (24.98%) and sulfur (24.05%). There were a total of 43 commodities that fell sequentially, and 16 commodities that fell more than 5%, accounting for 17.8% of the monitored commodities in the sector; the top three products that fell were butadiene (-16.51%) and chloroform ( -13.04%), acetic anhydride (-12.50%). The average monthly increase or decrease was 0.97%.

 

Market outlook

At present, the supply price of the supply side in July is stable, and the specific supply policy is not yet clear; the Shanghai factory expects to express its position early next month, the market sentiment is stagnant and the market outlook is uncertain. MDI analysts of SunSirs predict that the market will be temporarily stalemate next month. If the Shanghai factory continues to follow the market, the market price may rise slightly; if the Shanghai factory has a large volume of goods, the market price may drop. .

 

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