Price Trend

According to the price monitoring of business associations, as of Jan. 29, the average price of domestic aggregated MDI market was 12900 yuan/ton, and the overall market was running smoothly.

II. Market Analysis

Products: Domestic aggregate MDI market is running steadily. North China and East China Wanhua negotiated 12600-12800 yuan/ton, Shanghai negotiated 12400-12500 yuan/ton, South China Wanhua negotiated 12800 yuan/ton and Shanghai negotiated 12500 yuan/ton. Market supply and demand are two weak, inquiry atmosphere is weak, the intention of middlemen is not high, Wanhua Crescent Listing was recently launched, the market is more cautious and wait-and-see, short-term market operation is light and stable.

On the market side, the aggregate MDI market in North China is running steadily. At present, the market festival atmosphere is strong, there are few active offers, and sporadic offers are stable. Wanhua is listed, and the industry holds a wait-and-see attitude towards the future market. East China aggregate MDI market is weak and stable. Terminal delisting ahead of time, market inquiries are rare, on-site operators are less motivated to deliver goods, and there are few active offers. The market atmosphere of aggregate MDI in South China is weak. Middlemen and downstream are leaving the market one after another. The festival atmosphere in the market is strong, and most middlemen have no quotation.

Industry chain: raw materials, East China aniline Market horizontal consolidation. Before the festival, most of East China’s enterprises are mainly contract-based. Some enterprises have limited market volume, and downstream purchasing is mainly on demand. The market trading atmosphere is still acceptable.

3. Future Market Forecast

Business Cooperative Viewpoint: On the positive side, the factory has a limited capacity, the market is very tight spot, and the overhaul and recovery device has a low load. On the bearish side, terminal demand is weak, and the enthusiasm of downstream and middlemen to hoard goods is weakened after price increases. Business Association aggregate MDI analysts expect that in the short term aggregate MDI market rise and fall dilemma, mainly stalemate.