I. price trend

According to the price monitoring of the business agency, as of November 7, the average price of domestic aggregate MDI market was 12475 yuan / ton, and the price fell 2.54% month on month in the same period of last month, down 4.77% year on year. The overall market is low.

II. Market analysis

Product: domestic aggregate MDI market is low-end. North China and East China Wanhua cargo negotiation is 12300-12500 yuan / ton, Shanghai cargo negotiation is 11700-12000 yuan / ton, South China Wanhua cargo negotiation is 12400-12500 yuan / ton, Shanghai cargo negotiation is 11700-11900 yuan / ton. Shanghai’s goods fill the market slowly, the distributors’ hands are tight on spot, but the terminal is weak, the market is not easy to trade and invest at a high level, the operators keep the stable shipment, and the supply and demand game.

In terms of market, the aggregate MDI market in North China and Shandong remained stable. The market fundamentals have changed little, the downstream just needs to be depressed and purchase on demand. However, at the beginning of the month, the supply of enterprises to the market is slow, and the enterprises stick to the offer. East China aggregate MDI market range consolidation. The terminal is weak and resists the high price. However, the spot market is limited, and the offer is stable. Under the game of supply and demand, the market trading atmosphere is weak. South China aggregate MDI market range is weak. The market fundamentals have not changed much, but the downstream is in conflict with the high price, the market is not smooth in high-level trading, and the industry is more stable in negotiating shipment.

Industrial chain: raw materials, pure benzene: Asian pure benzene Market: January sales intention is 638-647 USD / ton FOB South Korea. Domestic pure benzene Market: the pure benzene Market in East China continues to rise, and the external market has been uplifted. The negotiation reference is 5350-5450 yuan / ton, some of the sales are slightly higher, and the far monthly negotiation is 5150-5200 yuan / ton, with a certain support for inventory decline.

Aniline: the East China aniline Market is in a stalemate. East China has a shipping schedule this week, the downstream just needs to be depressed, the market is firm and the delivery is limited, and the enterprise keeps stable.

III. future forecast

From the perspective of business community: on the positive side, enterprises have less market volume; suppliers intend to stabilize the market. In terms of bad news, the terminal just needs to be improved to a limited extent; some downstream still have pre inventory, mainly digesting inventory. MDI analysts predict that the short-term domestic MDI market will remain stagnant and stable