I. price trend

According to the price monitoring of the business agency, as of December 5, the average price of domestic aggregate MDI market was 13100 yuan / ton, which was 4.59% higher than that of the same period last month and 8.71% higher than that of the same period last year. The overall market is relatively strong.

II. Market analysis

Product: domestic aggregate MDI market continues to rise slightly, with no decrease in momentum. At present, it is difficult for manufacturers to relax in a short period of time. The inventory of agents is also low. In the atmosphere of buying up, downstream inquiries are also becoming more active and the transaction is acceptable. This month, the filling speed of new goods is slow, the stock in the hands of the operators is tightening, and they are reluctant to sell at a low price. Some of the lower reaches have made up a small amount of positions in advance, and the market is generally trading. Due to the slow arrival of goods, traders mainly wait and see.

In terms of market, the aggregate MDI market in North China and Shandong moved up in a narrow range. The market is short of new goods, the market is short of spot goods, the operators are reluctant to sell at low prices, the downstream purchases on demand, and the market is generally traded. The center of gravity of East China aggregate MDI market moved up in a narrow range. The spot market is scarce, the operators are reluctant to sell at low prices, the downstream purchase is cautious, and the market is generally firm. South China aggregate MDI market is stable and moving up. At present, there are few spot goods in the market, middlemen are reluctant to sell at low prices, and offer moves up. Downstream market just needs to be cautious, and market transactions are few.

Industrial chain: in terms of raw materials, the price of pure benzene in spot and far month rose due to the tight supply, and the spot negotiation was 5450-5600 yuan / ton. Crude oil and pure benzene rose in the external market, with a large price difference between the internal and external market. The main refineries raised their expectations, and the domestic pure benzene market is expected to be more volatile in the short term.

Aniline: the price of pure benzene is relatively high, and Sinopec has room to increase it. Although the raw material surface is strong, the aniline enterprises have high inventory and the aniline market price is reduced. East China’s reference price is 6450 yuan / ton, and North China’s reference price is 6240 yuan / ton.

III. future forecast

From the perspective of business community: on the positive side, enterprises have less market volume; suppliers intend to stabilize the market. In terms of bad news, the terminal just needs to be improved to a limited extent; some downstream still have pre inventory, mainly digesting inventory. MDI analysts predict that the short-term domestic MDI market will be stable, moderate and strong