Price Trend

According to the price monitoring of business associations, as of March 6, the average price of domestic aggregated MDI market was 15,300 yuan/ton, and the overall market price fluctuated narrowly.

II. Market Analysis

Product: Domestic Polymerized MDI market fluctuates narrowly. In view of the low downstream purchasing gas, TRADERS’offer slightly declined, and profit-making middlemen actively shipped. Businessmen have different expectations of future market. However, in the second quarter, due to the multi-maintenance plan of the factory, the supply volume or the continuous tightening, it is difficult for the quotation to have a significant downward trend in the short term.

On the market side, South China aggregates MDI market consolidation and wait-and-see. Traders offer is stable, high price is not easy to conclude, inquiry buying atmosphere is light, wait and see the transaction. Eastern China Polymerized MDI Price Narrow Range Finishing. Traders’offers are mostly stable and the downstream inquiry atmosphere is not good. Some middlemen are active in making profit. Short-term market stalemate is firm. The price of aggregated MDI in North China is rigid. The supplier is still quite market-oriented, the trader’s offer is stable, the profitable middleman actively delivers goods, and the delivery price is chaotic.

Industry chain: raw materials, pure benzene: East China pure benzene negotiations continue to soften, spot purchase price 4780-4790 yuan/ton, sale price 4880 yuan/ton. In March, we bought 4850 yuan/ton and sold 4910-4920 yuan/ton. In April, we bought 4900 yuan/ton and sold 4930-4950 yuan/ton. At present, there is hardly any storage capacity of pure benzene in irrigation area, encountering shipment pressure, and the center of gravity continues to soften. Aniline: Aniline market fell. At present, apart from the overhaul of a 100,000-ton aniline plant in Nanhua, other enterprises have normal installations and sufficient market supply. The demand downstream is weak, the inventory of aniline enterprises is accumulated, and the price still has downward space. We should pay attention to the bidding price of hydrogenated benzene for Northern enterprises.

3. Future Market Forecast

Business Cooperative Viewpoint: In the second quarter, the multi-maintenance plan of the factory, the supply volume or the continuous tightening, the quotation is difficult to have a significant downward trend in the short term. Business Association aggregated MDI analysts expect that short-term domestic aggregated MDI market price narrow volatility consolidation, there are many below the market price shipment phenomenon.