The MDI market is weak and declining

According to the Commodity Market Analysis System of Business Society, the domestic aggregated MDI market is weak and declining. From October 7th to 13th, the domestic aggregated MDI market price fell from 16383 yuan/ton to 15833 yuan/ton, with a price drop of 3.36% during the cycle, a month on month decrease of 6.77%, and a year-on-year decrease of 6.42%. The overall follow-up ability of the aggregated MDI market is relatively average, and the market tends to weaken and consolidate. The monthly settlement price has a slightly average driving force on the overall market, and the market trading atmosphere is weak.

 

On the supply side, after the holiday, some devices may have low negative operation due to adjusting the devices to solve some minor problems. The supply is expected to decrease slightly compared to the holiday period, and the overall supply rhythm will maintain a state of first increasing and then decreasing next month. The supply side is mixed.

 

On the cost side, the raw material pure benzene, and the pure benzene market first fell and then rose. With the previous decline in pure benzene prices, some customers entered the market to stock up on dips, and the transaction pace improved. Supported by the significant upward trend of crude oil in a single day, pure benzene negotiations rebounded slightly. Raw material aniline: The domestic aniline market has been horizontally sorted out, and the enthusiasm for downstream stocking has weakened. Currently, factories are shipping normally, and after the holiday, the spot available for overseas sales has decreased, which is beneficial for the price of aniline. The cost of aggregating MDI is mixed.

 

On the demand side, the overall support capacity of the demand side is relatively average. Although there is some support in the cold industry, the overall inventory reserve is prepared in the early stage, with short-term consumption of inventory as the main factor, and the ability to follow up on new orders is relatively average. The follow-up of the pipeline and spraying industries is relatively limited, with some inhibitory effects on the market and limited follow-up capabilities. The short-term aggregate MDI demand side is influenced by bearish factors.

 

According to future predictions, the supply of goods in the domestic aggregated MDI market is relatively limited, and the overall buying momentum on the demand side is weak, with insufficient support. But as prices decline, the market’s wait-and-see atmosphere may strengthen. Business Society MDI analysts predict that the domestic aggregated MDI market is mainly weak and organized.

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