According to the sample data monitored by the business agency, the average price of domestic aggregated MDI market was 12175 yuan / ton at the beginning of the month, and 13000 yuan / ton at the end of the month, with an increase of 6.78% during the month and a decrease of 3.07% compared with the same period last year.

Product: at the beginning of the month, affected by the release of special price goods from some manufacturers, the overall negotiated price of Shanghai goods in the market was pulled down as a whole. Downstream demand is weak, and it is difficult for traders to ship goods. Until the middle of the month, the main factories in the North tightened the supply of goods, and Wanhua’s low-cost goods disappeared. Shanghai factory also did not release the special price goods, plus the South Korean factory sales task in July has been completed. Floor traders stop selling goods at low prices and hear less about low prices. The market price has stopped falling, but the incremental support on the demand side is not obvious, and the rising momentum is slightly insufficient. Near the end of the month, many European MDI devices were overhauled, and the market price began to explore, driving the atmosphere of foreign market demand. In addition, Japanese and South Korean manufacturers closed the offer, it is reported that the later supply will be reduced, and the domestic price rising atmosphere appears. Later, Wanhua announced that the listing price in August was significantly increased, and the atmosphere of future price rise was more firm, and other factories followed suit to support the market. The quotation of traders has been raised gradually, and the downstream enterprises have been actively inquiring for goods.

In terms of raw materials, pure benzene: at the beginning of the month, the price of pure benzene in Shandong Province dropped rapidly to 2800-2900 yuan / ton due to the impact of low price of hydrobenzene in Shandong Province, and the price of downstream factories was seriously depressed. However, at this time, the downstream and traders’ bottom reading intention increased, and the price of refined low-priced goods was better, and the price began to rebound. However, due to the unprecedented pressure on the port to pick up goods, downstream buyers tend to lower prices, and high prices are generally traded. Therefore, in the first ten days of the month, the trading atmosphere in Shandong market turned to be cautious and wait-and-see, and the rebound was limited. By the middle of June, a new refinery in Dongying purchased pure benzene as starting material, driving up the price of pure benzene in surrounding refineries. However, the downstream follow-up is insufficient, the price is seriously depressed, and the price is weakening. At the end of the month, the price in East China was strengthened due to the delivery near the end of the month. After Sinopec’s listing was increased by 250 yuan / ton, the downstream of Shandong Province and traders made positive inquiries, and the prices of local refineries rose.

Aniline, within the month, aniline market rebounded after falling. At the beginning of the month, the supply of Jinling was increased, but the production and sales were unbalanced and the price fell. Later, driven by the price rise of pure benzene, and the main and standby ships in East China, the export source decreased, and the price rebounded.

According to the price monitoring of the business agency, in July 2020, there were 32 kinds of commodities in the chemical industry sector that rose on a month on month basis, of which 15 commodities increased by more than 5%, accounting for 16.7% of the total number of commodities monitored in the plate. The top three commodities that increased were sulfuric acid (42.50%), butadiene (29.83%) and propane (14.43%). There were 43 kinds of commodities with a decrease of more than 5%, accounting for 18.9% of the total number of monitored commodities in the sector; the top three products were acetone (- 38.02%), phenol (- 19.93%) and isopropanol (- 18.75%). This month, the average rise and fall was – 0.47%.

At present, as a whole, the downstream demand at home and abroad is gradually recovering. In addition, it coincides with the maintenance of some devices, which drives up the market price. Japan and South Korea have not made positive offers to China recently. Domestic companies are gradually optimistic about the future market. Analysts of business club aggregate MDI expect that the overall aggregate MDI market will be stronger and will run upward next month, waiting for the boost in demand.