Price Trend

According to the price monitoring of business associations, as of January 10, the average price of domestic aggregated MDI market was 12,025 yuan/ton. The overall market price continued to rise, and the price fell 58.19% compared with the same period last year.

II. Market Analysis

Products: Domestic aggregate MDI market is narrow upward, spot is extremely scarce, most businesses run empty warehouses, business offers continue to rise, some closures are not reported, downstream demand and hoarders for high prices slightly contradict, inquiry buying gas fell sharply. At present, the barrel-loaded ticket discharging negotiations in Shanghai in North China refer to 12,000-12,200 yuan/ton, and Wanhua PM200 barrel-loaded ticket discharging negotiations refer to the vicinity of 12,500 yuan/ton.

On the market side, a small number of offers in North China Polymerized MDI market continued to move up. Most factories control the volume of goods released, the market spot tension, downstream and intermediaries are more active in hoarding goods, the northern market trading atmosphere is still acceptable. Due to the scarcity of spot, individual middlemen are reluctant to wait and see, and sporadic offers continue to move up narrowly. Eastern China Polymerized MDI market moved up narrowly. The factory controls the quantity of goods released, the middleman delivers more pre-sale orders, has limited spot, sells at a low price, and the odd offer moves up narrowly. In South China, the aggregate MDI market is short of spot and the offer of middlemen is scarce. At present, most middlemen are short, and the price of sporadic offer is higher.

Industry chain: As for raw materials, the domestic aniline Market is on the rise. The price of raw material pure benzene rises, aniline profit falls below the cost line. After the price rises, the factory shipments smoothly, and the downstream pre-holiday replenishment is positive. Aniline prices are expected to rise in the short term. The mainstream reference price in Shandong and North China is 5340 yuan/ton acceptance, while the mainstream market price in East China is 5200-5400 yuan/ton acceptance.

3. Future Market Forecast

Business Cooperative Viewpoint: On the positive side, the factory is still under repair; individual enterprises control the supply, the market spot less. On the bearish side, terminal demand is weak, and the enthusiasm of downstream and middlemen to hoard goods is weakened after price increases. Analysts of business associations aggregated MDI expect that the aggregated MDI market will be consolidated at a high level in the short term.