According to the Commodity Market Analysis System of Shengyi Society, the domestic aggregated MDI market first rose and then fell in August, with an overall decline. From August 1st to 28th, the domestic market price of aggregated MDI increased from 15416 yuan/ton to 15316 yuan/ton, with a monthly price drop of 0.65% and a year-on-year price drop of 11.46%.
In early August, the factory started operating steadily, the news of rising prices from suppliers was released, the quotes from intermediaries were stable but pushed up, and downstream transactions were small but mostly single. Under the supply-demand game, the market rose slightly..
In mid to late August, after the rise of aggregated MDI, the gains were absorbed and the market began to stabilize. Downstream demand has just entered the market, with a high number of downstream units. During the off-season of demand, upstream shipments are not smooth, and large factories have lowered their quotes. Traders have reduced their prices to sell, leading to a lack of confidence among businesses. The aggregated MDI market has entered a downward channel, with weak prices falling at the end of the month.
On the supply side, the maintenance of the 80000 ton/year MDI plant in Dongcao Rui’an will begin on July 23rd and is expected to last for about 35 days. The remaining devices are running smoothly.
On the cost side, the raw material pure benzene: In August, the pure benzene market fluctuated and rose, influenced by its own supply and demand and macro privacy. The average price of pure benzene at the beginning of the month was 6075 yuan/ton, and the average price at the end of the month was 6154 yuan/ton, with a monthly increase of 1.28%. The aniline market fluctuated and stabilized in August. On August 1st, the market price of aniline was 7550 yuan/ton, and on August 28th, the price was 7550 yuan/ton, with no fluctuations during the cycle, a decrease of 25.43% compared to the same period last year.
On the demand side, downstream urgent procurement, entering the market at low prices. There are few inquiries and insufficient support from the demand side.
Market forecast: As the end of the month approaches, the market atmosphere will become weaker, intermediaries’ willingness to ship is weak, and the supply side’s willingness to raise prices will increase. Waiting for the latest price guidance from major manufacturers, it is expected that the aggregated MDI market will operate weakly in the short term.
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