Price Trend
According to the sample data monitored by business associations, the average market price of aggregated MDI was 12 350 yuan/ton at the beginning of this week and 12 700 yuan/ton at the weekend. The average market price of aggregated MDI rose by 2.83% in the week, which was 37.80% lower than that of the same period last year.
| POLYVINYL ALCOHOL |
II. Market Analysis
Product: This week aggregated MDI market prices first slowly declined and then tentatively explored, the overall turnover is weak, inquiries are not positive. This week’s supply side: Cosco announced this week’s guidance price of 12,500 yuan/ton, and continued to maintain stability; East Cao Ruian this week’s guidance price of 12,000 yuan/ton at the beginning of the week, and then adjusted to 11,600 yuan/ton. Wanhua and Huntsman shipped evenly. In midweek, the market learned that there were problems with the operation of BASF equipment in Europe and that the supply of BASF manufacturers had been tightened by domestic manufacturers or delivery support. Demand side of the week: Inquiries continue to be poor, and market turnover has been scarce since July; due to the larger impact of pre-inventory, even if the market is frequently speculative news, the industry is still more rational in picking goods. In addition, the price of 141b foaming agent has risen again and the demand for hard foam has been restrained due to the recent special action of the Ministry of Ecology and Environment to enforce the law on ozone-depleting substances. Traders this week: At the beginning of the week, the overall mentality was weak, and the market was full of low-price hearings and short selling in advance. Affected by the supplier’s information in the later period, the quotations were raised, but the shipment situation remained poor.
| PVA |
On the market side, as of Friday (7.26), the aggregate MDI market quotation in East China was strong and upward. The on-site traders are mainly waiting for the announcement of Wanhua’s listing price. The market is informed that the listing expectations are mainly raised, with a small margin. The market price of aggregated MDI in South China is on the strong side. Towards the end of the month, the holders are reluctant to sell and are cautious about the latest listing of the manufacturers. The market quotation of aggregated MDI in North China continues to be strong. The on-site traders are mainly waiting for the announcement of Wanhua’s listing price. The market is informed that the listing expectations are mainly raised, with a small margin.
| PVA 0588 ( PVA BP05) |
Industry chain: raw materials, pure benzene: This week, the price of pure benzene in East China rebounded after falling. Last Friday, due to the decline of pure benzene in the United States, the price gap between domestic and foreign pure benzene remained basically the same, and the downstream of domestic high-price pure benzene conflicts, the price fell to 5100-5200 yuan/ton. Afterwards, due to the decline of domestic restructuring and toluene disproportionation, the supply of pure benzene decreased; the inventory of East China Port dropped to 190,000 tons; the tight supply of pure benzene in the United States supported the continuous rise of the U.S. dollar market, Sinopec increased 200 yuan/ton to 525 yuan/ton in a week, and the spot price of pure benzene in East China rose to 5350-5400 yuan/ton. Aniline: Aniline market is stable and small. In North China market, the cost of aniline hangs upside down because of the strong price of raw material pure benzene. The downstream demand performance is weak, aniline shipments are general, and inventory accumulation. Under the pressure of high cost and high inventory, enterprises in North China had to reduce production and price. King of Jinling increased 50 yuan per ton, which was equal to that of Dongying Factory. After the decline, enterprise inventory slowly declined. In the East China market, due to the fact that the owner of the enterprise supplies the contracted cargo and delivers a small amount of cargo to the market, the enterprises in East China are under less pressure and the price is firm and stable.
3. Future Market Forecast
Business Cooperative Perspective: Basf manufacturers supply tightening, closely watch next week Koth founder’s guide. If the weekly guided price of Cox founder rises, the market price may continue to rise slightly; if the weekly guided price is stable, the market price has little incentive to rise. Business associations aggregate MDI analysts recommend cautiously watching manufacturers guide prices and major manufacturers next week.