MDI price downturn

According to the price monitoring of the business agency, the domestic market of polymerized MDI is in a downturn. At the beginning of the week, the average price of domestic aggregated MDI market was 12175 yuan / ton, which was 1.42% lower than the same period of last month and 0.20% lower than that of the same period last year.

This week, the aggregate MDI market was in a downturn, and the main northern factories did not release the trading policy to the market this week. A factory in Shanghai continued to maintain the price stability last week, and continued not to assess the task volume; other factories were slightly tight in releasing goods at the beginning of the month, and there was less circulation of on-site goods. Although the supplier’s factory has the willingness to support the market this week, it is not clear that it will support the market.

Raw materials, pure benzene: Shandong market rose during the week, regional differences are larger. After falling to 2800 yuan / ton, downstream and traders have been buying bottom, and the market trading atmosphere is strong. The pressure of local refining inventory was relieved, and the supply of low-cost goods was continuously reduced. However, the local refiners in Dongying are cautious about the future market of pure benzene, and the shipment is not so good, so the price is close to 2950 yuan / ton. The mainstream price of other refineries is 3000-3100 yuan / ton, and high-end shipment is hindered.

Aniline: aniline market rose steadily in the week. From the aspect of raw materials, the pure benzene market fell continuously last week, and the Shandong market once fell to 2800 yuan / T, which led to the pessimistic mood of aniline downstream factories and purchase on demand.

Downstream, spandex, spandex industry started more than 80%, adhere to the high position, manufacturers supply abundant. The support performance of the cost side is general, the demand follow-up of the downstream terminal market is weak, and the overall market observation atmosphere is not reduced. At present, the reference for 20d spandex mainstream negotiation in Jiangsu and Zhejiang provinces is 35000-36000 yuan / ton; for 30d spandex, it is 34000-35000 yuan / ton; for 40d spandex, it is 28500-29500 yuan / ton, and the actual transaction is discussed in detail.

If the supplier’s factory still has the release of low-priced goods, traders actively bid for shipment, and the business agency aggregate MDI analysts predict that the domestic aggregated MDI market may continue to decline in the short term.