In May, the domestic aggregate MDI market rose first and then stabilized. According to the sample data monitored by the business agency, the average price of the domestic aggregate MDI market at the beginning of the month was 11475 yuan / ton, and the price of the aggregate MDI at the end of the month was 12350 yuan / ton, up 7.63% in the month, down 9.36% compared with the same period last year.
Product: the average load on the supply side is low this month. Shanghai BASF and Shanghai Huntsman devices are under maintenance. The devices in Ryanair factory are still in shutdown state. The load of kostron and Chongqing BASF devices has slightly increased, but the market supply is limited. At the end of the month, the monthly listing prices of major factories are mainly rising, with an increase of about 500 yuan / ton, boosting the market price..
In terms of raw materials, pure benzene: in the first ten days of the month, driven by the sharp increase in crude oil and pure benzene gold plate, the price of pure benzene in Shandong Province rose. Downstream factory replenishment after the festival, refining good delivery, can sell less. In addition, the hydrogenation benzene is driven by crude benzene, rising to 3400 yuan / ton, supporting the pure benzene in Shandong at 3400-3450 yuan / ton, which is hard to find at a low price. In the middle of June, driven by Sinopec’s rise of 150 yuan / ton, Shandong refining pure benzene rose. However, the downstream is in conflict with the high price of pure benzene, and the delivery from the refineries is poor, and the market focus in Shandong has dropped to 3400-3450 yuan / ton. Crude oil rose sharply in the next month, stimulating the market, and the price of refining rose to 3600-3700 yuan / ton. However, the downstream is in conflict with the high price, the delivery of local refining is poor, and the transaction is mostly concentrated at the low end.
In terms of aniline, the domestic aniline market fell slightly in the month. As of May 29, the main negotiated price in East China market is 4600-4800 yuan / ton for acceptance. The mainstream negotiation price in Shandong market refers to 4400 yuan / ton spot exchange and 4490 yuan / ton acceptance.
According to the price monitoring of the business agency, in May 2020, there were 47 kinds of commodities in the list of commodity prices rising and falling, including 31 kinds of commodities with an increase of more than 5%, accounting for 34.4% of the number of commodities monitored in the plate; the top three commodities were ethylene (69.89%), trichloromethane (67.86%) and crude benzene (24.52%). There are 37 kinds of commodities decreased on a month on month basis, 16 kinds of commodities decreased by more than 5%, accounting for 17.8% of the number of commodities monitored in this sector; the top three products decreased were R134a (- 15.67%), potassium chloride (- 15.14%) and propane (- 11.97%). This month, the average rise and fall was 3.66%.
The suppliers’ attitude toward the market is expected to be the same, the supply may be more tense than that in May, and the market quotation will rise slightly. MDI analysts predict that the market will be strong before the middle of next month, but the market price may be difficult to maintain with the gradual resumption of Shanghai overhauled devices. However, Wanhua Yantai device is reported to have a maintenance plan in the middle and late of June, so it is necessary to pay attention to the dynamic changes of the market at any time.