According to the Commodity Market Analysis System of Business Society, the domestic aggregated MDI market has experienced a high decline. From August 30th to September 6th, the domestic aggregated MDI market price fell from 17516 yuan/ton to 17133 yuan/ton, with a price drop of 2.19% during the cycle, a month on month decrease of 1.53%, and a year-on-year increase of 12.87%. At the end of August, some manufacturers’ prices were on the high side, but the market continued to experience high transmission barriers. The overall follow-up ability of the downstream market is weak, and the buying sentiment is relatively average. Traders are gradually lowering their prices to adapt to the market.
On the supply side, the overall supply is relatively limited. The supply side is influenced by favorable factors.
On the cost side, the raw material pure benzene and international crude oil prices continue to be positive, while the domestic pure benzene market price is operating at a high level. As of September 6th, the benchmark price for pure benzene in Shangshe is 7910.50 yuan/ton. Raw material aniline: The domestic aniline market continues to rise, and as of September 6th, the benchmark price of Shangshang Society’s aniline is 11800.00 yuan/ton. The cost side of aggregated MDI is influenced by favorable factors.
On the demand side, the overall performance of the downstream market pipeline industry is average. Although the cold industry is acceptable, the overall increase is limited, and the market is slowly advancing. The demand for short-term aggregated MDI is mixed.
In the future market forecast, the supply side is positive, and downstream demand is turning to average. Business Society’s aggregated MDI analysts predict that the domestic aggregated MDI market will be mainly on a wait-and-see basis.
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