Price Trend

According to the price monitoring of business associations, as of February 26, the average price of domestic aggregated MDI market was 14625 yuan/ton, and the overall market continued to explore.

II. Market Analysis

Products: Domestic aggregated MDI market has moved up broadly. North China and East China Wanhua negotiated 14300-14500 yuan/ton, Shanghai negotiated 14000-14200 yuan/ton, South China Wanhua negotiated 14500 yuan/ton and Shanghai negotiated 14300-14500 yuan/ton. Basf Crescent listing increased, and other companies raised expectations strong, the industry more cautious to watch the market, sporadic tentative increase in offers, active market inquiries, new orders to boost the market.

On the market side, North China Polymerization MDI market offer moved up. Basf’s wide listing increase in March pushed up the broad market offer. However, because Wanhua’s listing has not yet been introduced, the market atmosphere is more wait-and-see, the inquiry atmosphere is still acceptable, and small single transactions are the main ones. East China Polymerization MDI market offer moved up. At present, the market news is not clear. Supported by the increase of Basf’s listing, the market has been exploring sporadic quotations. The market enquiry atmosphere is still acceptable, but there is a shortage of real single transactions. Sporadic offer of South China Polymerization MDI market increased. At present, there are still fewer market offers. Affected by the increase of Basf’s listing, the traders have a strong bullish attitude towards the future market. However, because the prices of other enterprises have not yet been introduced, the market is more wait-and-see atmosphere.

Industry chain: In terms of raw materials, East China aniline Market has been reorganized and operated. Eastern China enterprises still have less market volume, purchasing from downstream to North China. Eastern China enterprises are mainly stable in price and delivery, focusing on the main enterprises’offer.

3. Future Market Forecast

Business Cooperatives Viewpoint: On the positive side, Basf’s listing increased broadly in March; the atmosphere of market inquiry increased, and the operators were reluctant to sell at low prices; other enterprises were not listed, and the market was mainly on the lookout. On the short side, there are many stockpiles in the downstream in the early stage, and the purchasing is limited; the downstream just needs to recover slowly. Business Association aggregation MDI analysts expect that the aggregation MDI market will move up steadily in the short term, focusing on the recent volume and price information guidelines for other enterprises.