The “V” shaped trend of the domestic aggregated MDI market in April

According to the Commodity Market Analysis System of Business Society, the “V” shaped trend of the domestic aggregated MDI market in April. From April 1 to 27, the price of the domestic aggregate MDI market fell first and then rose to 15860 yuan/ton, with the maximum amplitude of 4.92% in the cycle, and the price fell 15.82% year on year.

 

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At the beginning of the month, the aggregated MDI market significantly declined. The recovery on the demand side is poor, and market support is gradually weakening. Traders have significantly lowered their prices, but actual orders are still relatively low. In mid month, downstream demand side follow-up was weak, and overall market confidence was insufficient. At the same time, the supply of goods was relatively abundant, which limited market support. The aggregated MDI market continued to be weak. In the latter half of the month, the MDI price situation in the early stage has dropped to a low level, and the inquiry atmosphere has heated up. The buying ability has strengthened, and the mentality of traders has improved. The quotation has risen in a narrow range and the transaction is good.

 

On the supply side, the listed price of aggregated MDI in April 2023 was 19800 yuan/ton, which remained stable month on month.

 

On the cost side, raw material pure benzene: In April, the domestic pure benzene market saw a gradual upward trend. On April 27th, the benchmark price of pure benzene at Shangshang Society was 7442.17 yuan/ton, an increase of 2.76% compared to the beginning of this month (7242.17 yuan/ton). The price of domestic pure benzene market rose significantly, the price of international crude oil rose significantly, the listed price of main units rose, and the domestic supply of pure benzene remained low. The downstream demand of the pure benzene industry chain continues to recover, with sufficient support for the price of pure benzene. The supply and demand side of pure benzene is good, and prices are easy to rise but difficult to fall. In April, aniline first fell and then rose. On April 27th, the benchmark price of aniline in Shangshang Society was 11775.00 yuan/ton, a decrease of -10.46% compared to the beginning of this month (13150.00 yuan/ton). The cost side of short-term aggregated MDI is relatively favorable.

 

On the demand side, downstream demand is just in need of follow-up, and inventory in the early stage is gradually depleted. As the May Day holiday approaches, downstream is actively stocking up. The demand side for short-term aggregated MDI is slightly positive.

 

In the future market forecast, both cost and demand are positive, and analysts from Business Society Aggregated MDI predict that the domestic aggregated MDI market will remain high.

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