SunSirs: Summary of Domestic MDI Market
July 21 2021 16:25:17 SunSirs (John)
Price trend
Recently, the domestic MDI market price has fallen within a narrow range, and the negotiation and transaction atmosphere has been poor. Industry players have insufficient confidence in the market outlook, mainstream traders’ quotations have fallen, shipments have been negotiated, and profitable shipments have increased. According to the monitoring data of SunSirs, as of July 20, the domestic market price of polymerized MDI was 20,500 RMB/ton, and the price increased by 18.33% month-on-month and 74.10% year-on-year.
Analysis review
In terms of equipment, Wanhua Chemical’s 1.1 million tons/year MDI plant in Yantai Industrial Park was shut down for maintenance on July 10, 2021, and the maintenance is expected to be about 25 days.
In terms of raw materials, the downstream pure benzene is currently losing money as a whole, and the demand for raw materials has weakened to a certain extent. On the downstream side, the price of pure benzene, the raw material for aniline, has moved downward, but nitric acid has risen strongly, and the cost of aniline remains high.
Market outlook
Looking at the market outlook, there is little news from the factory, and the downstream terminal demand performance is average, and the industry mentality is hit. SunSirs’ MDI analysts predict that the domestic MDI market may continue to decline in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2023-09-07 SunSirs: MDI Market Dropped from High Levels
- 2023-09-05 SunSirs: The Domestic MDI Market Fluctuated and Rose in August
- 2023-06-01 SunSirs: The MDI Market is Mainly Recovering
- 2023-05-16 SunSirs: Aggregate MDI Market Prices Fell.
- 2023-04-23 SunSirs: The Domestic Aggregated MDI Market is on the Rise
