According to the monitoring of the Business Agency, the domestic aggregate MDI market is weak. From February 17 to 24, the market price of domestic aggregate MDI fell from 16500 yuan/ton to 16240 yuan/ton. The price fell by 1.58% in the week. The price rose by 8.56% month-on-month and 20.78% year-on-year. At present, the main reason affecting the trend of the aggregated MDI market is still the demand side. The purchasing atmosphere in the downstream industry is still weak. Some traders and downstream buyers are looking for lower prices, and the overall demand has increased compared with the previous period.
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On the supply side, Chongqing BASF 400000 t/a unit entered the maintenance state on February 5, and the supply was reduced. Under no great pressure from the production enterprises, it was still in a price attitude.
In terms of cost, raw material pure benzene: the domestic market price of pure benzene fluctuates slightly. The spot transaction was 6970-7070 yuan/ton; The market price in Shandong was 6720-6880 yuan/ton. Raw aniline: orders from some downstream factories increased, and demand warmed; Combined with the planned overhaul of aniline plant in March, the overall state of mind of the market was positive, and the aniline market rose sharply. There are obvious short-term positive factors on the cost side of aggregate MDI.
On the demand side, the trading atmosphere in the terminal market is poor, and the ability to follow orders is limited. Downstream factories and traders still have some early inventory, and short-term inventory orders are mainly digested.
According to the aftermarket forecast, the production enterprises are close to the settlement cycle, and the supply side will maintain a strong support, but the follow-up capacity of the demand side is relatively limited. According to the analyst of MDI polymerization of the Business Agency, the market situation of MDI polymerization in China is mainly stalemate and consolidation.
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