Price Trend
According to the price monitoring of business associations, as of August 6, the average price of domestic aggregated MDI market was 13,650 yuan/ton. The price rose by 10.08% annually and fell by 33.68% year on year. The overall market climate is relatively cold.
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II. Market Analysis
Products: Domestic aggregated MDI market quotations remain stable, inquiries are cold, multi-empty game. Polymerization MDI factory discount supply, low price. However, the social inventory is still high, and the purchase intention of downstream is difficult. The pressure of middleman’s shipment keeps rising, but he has no choice but to concede profits. On the one hand, it restrains the price increase of the factory, on the other hand, it promotes the order delivery and reduces the inventory pressure. Considering that Cosmic Polymerization MDI was listed this week for implementation of 13500 yuan/ton, the short-term stabilization of the market is advancing.
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On the market side, the aggregate MDI market in South China is weaker. On-site supply and demand contradictions are difficult to break, on-site delivery is cold, the pressure of the holders is high, the offer is loose, and the downstream mentality is cautious. In East China, the market of aggregated MDI is weak, the on-site delivery is cold, the mindset of the stockholders is weak, the single delivery is promoted, and the offer is weak. The social stock is too high, and the contradiction between supply and demand is still difficult to solve. In North China, the market of aggregated MDI is weak, and on-site trading is cold. Holders’offer declined and shipment pressure continued. Downstream demand-side transactions are general.
Industry chain: raw materials, pure benzene: Shandong pure benzene market is weak shocks, some refineries offer down 50 yuan/ton, the mainstream price is 4800-4900 yuan/ton, the actual single can still be negotiated. At present, downstream purchasing on demand, low-cost pure benzene acceptable intention. Aniline: Most of the aniline factories mainly deliver at a steady price. Some factories in East China only supply a small number of customers due to the shortage of spot. There is no pressure on the delivery for the time being, and the price has moved up narrowly. North China mainstream negotiation price reference at 5690-5720 yuan/ton. East China market mainstream reference 5950-6000 yuan/ton acceptance.
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3. Future Market Forecast
Business Cooperative Perspective: Despite the dependence of on-site factory control mentality, the downstream full inventory will eventually restrict the upstream many, middlemen in the crack to survive, market empty game, business cooperative aggregate MDI analysts predict that short-term domestic aggregate MDI market digestion and consolidation, market volatility is narrow.