According to the Commodity Market Analysis System of Shengyi Society, from October 13th to 17th, the domestic aggregated MDI market experienced a slight decline, with an average price of 14633 yuan/ton at the beginning of the week and 14500 yuan/ton over the weekend, a decrease of 0.91% during the period and a year-on-year decrease of 20.36%. The performance of the MDI aggregation market during the week was average, with mainstream manufacturers lowering prices and traders frequently offering low prices. The messaging platform is relatively quiet, with insufficient support and low downstream demand, mainly consisting of small transactions. The mentality of the industry is relatively pessimistic, and prices continue to decline.

On the supply side, the 200000 ton/year MDI in Jinhu, South Korea will undergo maintenance in early September, with a duration of 20-30 days. Wanhua Ningbo has a maintenance plan in November, and the rest of the equipment is running smoothly.
On the cost side, the pure benzene market has been weak and declining this week, exacerbating the supply-demand contradiction. Domestic pure benzene inventories remain high, and downstream industries such as phenol and aniline are generally in a loss making state. Only caprolactam maintains rigid procurement supported by textile demand, and the fundamentals are weak and difficult to change.
On the demand side, the downstream market is not prosperous during the peak season, and the market situation has not improved significantly. With weak fundamentals, the aggregated MDI market is difficult to pick up.
Future forecast: Currently, the production of suppliers is stable, and the filling of goods is stable. In the face of cold news and weak demand, it is expected that the aggregated MDI market will maintain a weak trend in the short term.