According to the Commodity Market Analysis System of Shengyi Society, from November 3rd to 7th, the domestic aggregated MDI market remained stable, with an average price of 14300 yuan/ton, a year-on-year decrease of 22.28%. During the week, the MDI market was consolidating and running, and the news side was relatively calm. Downstream entry into the market on demand creates a sluggish trading atmosphere. The shipment situation of traders is average, waiting for guidance from the message end, and operating cautiously.

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. It has now resumed operation. 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 slightly improved this week, with insufficient downstream orders and continued losses. The enthusiasm for raw material procurement is still not high, but with the price of pure benzene reaching a new low, downstream companies have entered the market at a low price, and the market has rebounded slightly this week.
On the demand side, downstream demand remains weak, and the market has not shown significant improvement. Under the weak fundamentals, the aggregated MDI market is difficult to pick up.
Future forecast: The current aggregate MDI market has stable supply filling and loose supply. Major factories in the north and Ningbo have maintenance plans, which may boost the market. It is expected that the aggregate MDI market will consolidate and operate in the short term, and close attention will be paid to changes in market supply and demand.