Price Trend

According to the price monitoring of business associations, as of March 14, the average price of domestic aggregated MDI market was 14950 yuan/ton, and the overall market price was weak.

II. Market Analysis

Products: Domestic aggregate MDI market price weakness slightly declined. The venue is “dead” and the quotation of distributors has slightly loosened, but they are entangled with the settlement price at the end of the month and are very cautious about delivery. Middlemen actively deliver goods at low prices, but the downstream is still “cold” mood, buying enthusiasm is not good, the market remains sporadic negotiations. The supplier’s attitude is uncertain, coupled with the market stalemate for too long, the price of 141b foaming agent keeps rising, and the digestibility of downstream is poor. The short-term aggregated MDI market price is expected to have significant downside risk under multi-empty factors.

On the market side, South China has aggregated the weak and deadlocked MDI market. Demand-side buying climate is difficult to improve, middlemen actively low-cost delivery, the market atmosphere is unusually light. The price of aggregated MDI in East China is weak and deadlocked. The market is weak, the traders let profits to deliver goods, but the downstream inventory has not been fully digested, and the procurement mood is depressed. The price stalemate of aggregated MDI in North China continues and the turnover is short. The supplier manufacturer controls the quantity of delivery and has little boosting effect. Downstream of the high price of raw materials to resist sentiment, business is blocked, the market atmosphere “bleak”.

Industry chain: raw materials, pure benzene: East China pure benzene stable operation, spot purchase 4600-4680 yuan/ton, sell 4700 yuan/ton. Aniline: Aniline prices are rising. Despite the decline in raw material pure benzene, Jinling led the rise in aniline prices across the board. Shandong mainstream negotiation price refers to 5400 yuan/ton spot exchange and 5520 yuan/ton acceptance. East China enterprises mainly ship cargo and contract customers, the mainstream negotiation price refers to 6100 yuan/ton acceptance.

3. Future Market Forecast

Business Cooperative Perspective: On the positive side, the latest price increases by a wide margin in many enterprises, and the cost support moves up; the enterprises control the volume of goods in the market. On the negative side, there are many stockpiles in the downstream in the early stage and the purchase is limited; the foaming agent 141B rises sharply and the cost surface moves, which indirectly affects the demand of the terminal for MDI; the temperature in the north is relatively unstable, and the current outdoor construction temperature is lower than the optimal construction temperature, so the demand is limited. Analysts of business associations aggregate MDI expect that in the short term aggregate MDI market prices or significant downside risks will be detected.