According to the sample data monitored by business associations, the average market price of aggregated MDI was 17925 yuan/ton at the beginning of this week and 17875 yuan/ton at the weekend. The price of aggregated MDI fell by 0.28% in a week, 13.86% compared with the same period last year.
II. Market Analysis
Product: The aggregate MDI market has been in a weak state for a week this week. The price has not fallen much, and the overall turnover has been weak and cool. This week, the company’s guided price is stable, limited supply, Wanhua continues to offer a discount; the company’s cost support is strong, the agent’s quotation is high, the profitable price is low, the downstream inventory is high, and the real order follow-up is weak. In the following days, the market quotation was chaotic, there was no lack of low-price hearing, the transaction was unusually cold, and there was not much good news on the market. Near the weekend, the morning market broke the news of the parking of the Basf device in South Korea. After verification, it was rumored that the market price remained stable. Longzhong expects that the good news of market manufacturers will remain scarce next week, waiting for the end of the month for the listing and settlement of the manufacturers, and the manufacturers will follow the market delivery.
On the market side, as of Friday (4.19), South China has gathered MDI to wait and see. The market just needs a small amount of replenishment from downstream customers, and the general atmosphere is cool. Domestic factory news is light, good news is scarce, waiting for manufacturers’policy guidance. Polymerized MDI interval arrangement in East China. Market rumors have somewhat boosted the mindset of the business, just need a small amount of replenishment from downstream customers. However, the domestic factory news is light, and good news is scarce, waiting for manufacturers’policy guidance. Polymerized MDI interval arrangement in North China. Market rumors have somewhat boosted the mindset of the business, just need a small amount of replenishment from downstream customers. However, the domestic factory news is light, and good news is scarce, waiting for manufacturers’policy guidance.
Industry chain: raw materials, pure benzene: East China pure benzene port stock of 239,000 tons this week, a decrease of 0.6 million tons compared with last week. However, the downstream units of East China, such as Styrene in New Japan, Haili in Jiangsu and Shiyou in Yangzhou, can hardly boost the pure benzene Market in terms of demand. Port cargo holders are under great pressure to ship goods. However, the US dollar price of pure benzene is firm, and the price of external market is higher than that of domestic market. Supported by the US dollar price, the price of pure benzene fluctuates narrowly in East China.
3. Future Market Forecast
Business Cooperative Viewpoint: On the positive side, direct supply and demand are better, and enterprises put less into the distribution market; Wanhua maintains a discount supply this week; Ryan has heard nothing about the market this week; and Lianheng began to repair individual devices this week. On the negative side, the follow-up of real orders in the downstream of distribution is slow; foaming agent 141B rises sharply and the cost surface moves, which indirectly affects the demand of terminal for MDI; most downstream stockpiles are in the early stage, and the stock of raw materials needs further digestion. In the future, the good news of manufacturers is still scarce, waiting for the end of the month for the listing and settlement of the manufacturers, the operators will follow the market delivery. Business Association aggregate MDI analysts expect that the short-term aggregate MDI market is dominated by narrow volatility.