Price Trend

According to the price monitoring of business associations, as of August 15, the average price of domestic aggregated MDI market was 13,200 yuan/ton, which rose by 6.88% annually and fell by 30.47% year on year. The overall market is expected to stop falling and stabilize.

II. Market Analysis

Products: Domestic aggregate MDI market has stopped falling and needs to rise. The main factories in the North release favorable conditions, supply reduction, strict implementation of the settlement price announced at the beginning of the month, the market is obvious, other factories have not yet responded, the holders mainly accompany the shipment, the quotation is stable, but the confidence in the future market is generally insufficient, downstream negotiations have not been significantly better. Supported by cost, it is expected that short-term aggregate MDI market prices will remain stable, and market negotiations will be watched. With the gradual arrival of the traditional peak season gold, silver and ten, and the impact of domestic anniversary activities, future demand is expected to be good, and future prices are explored.

On the market side, the price range of aggregated MDI market in South China is volatile. North China and East China market providers tentative increase in quotations, South China market providers offer more stable, downstream pickup situation is very low, wait and see the market turnover. The aggregated MDI market in East China has strong shocks. On-site vendors tentatively raised their quotations and waited to see if the focus of the negotiations would move up. Sporadic inquiries from downstream traders are dominant. The aggregated MDI market in North China has remained stable. Yesterday’s low-price market negotiations are still in place, with the main shipment of goods accompanied by the holder. Marketers’offer is stable or tentative to increase the quotation and wait for the closing of the transaction.

Industry chain: raw materials, pure benzene: most refineries are still available, and driven by the reduction of temporary parking supply in some refineries and the rise of local hydrobenzene, the market mentality is positive, Shandong pure benzene market rose to 4750-4900 yuan/ton. Local hydrobenzene prices range from 4700 to 4750 yuan per ton.

Aniline: A large factory in Shandong was temporarily shut down due to typhoon, but the Jinling Dongying plant was upgraded to full load operation with normal supply. However, supported by rising costs, the domestic aniline market price is stable. North China mainstream negotiation price reference at 5620-5980 yuan/ton. However, due to the delay of shipment and the increase of market delivery, there are low prices in East China market. The mainstream of East China market refers to 5850-5950 yuan/ton acceptance.

3. Future Market Forecast

Business Cooperative Perspective: Supported by cost, business associations aggregate MDI analysts predict that short-term domestic aggregate MDI market prices are expected to stop falling and stabilize, and wait for market negotiations.