According to the Commodity Market Analysis System of Business Society, from December 18th to 25th, the domestic aggregated MDI market price fell from 16000 yuan/ton to 15900 yuan/ton, with a price drop of 0.62% during the cycle, a month on month decrease of 1.75%, and a year-on-year increase of 4.74%. The domestic aggregated MDI market has experienced a narrow decline, with temperatures plummeting in many regions. The terminal market has been hindered by construction, resulting in a significant decrease in demand follow-up capabilities. The quoted prices of traders have slightly declined, maintaining their willingness to ship.

On the supply side, the 400000 ton/year MDI plant of Wanhua Chemical (Ningbo) Co., Ltd. will begin maintenance on November 15th, and the 800000 ton/year plant of the second phase will start shutdown maintenance on December 3rd. The two sets of plants will undergo maintenance for about 50 days each. Chongqing BASF will conduct maintenance on December 25th, lasting about a month. Chongqing BASF’s 400000 ton/year plant is expected to undergo maintenance on December 25th, lasting about a month. The supply side is influenced by favorable factors.

On the cost side, pure benzene as the raw material has seen a narrow upward trend in the domestic pure benzene market. International crude oil futures have continued to rise, providing positive support to the domestic pure benzene market in terms of mentality. Downstream styrene has seen a significant increase, and some downstream units have been put into operation as scheduled, resulting in a slight increase in demand compared to the previous period. As of December 25th, the benchmark price of pure benzene for Shengyishe is 7062.17 yuan/ton. Raw material aniline: The domestic aniline market is weak and consolidating. As of December 25th, the benchmark price of aniline in Shengyishe is 10462.50 yuan/ton. The cost impact of aggregating MDI is mixed.

On the demand side, the downstream demand side has seen a decrease in operating load, especially in the spraying and pipeline industries where transaction power is limited, resulting in a weak market atmosphere. The demand for short-term aggregated MDI is affected by bearish factors.

In the future market forecast, the supply side is relatively stable, and the overall follow-up of the downstream demand side is limited. Business Society’s aggregated MDI analysts predict that domestic aggregated MDI may continue to narrow down.