Sunsir: The market atmosphere of aggregated MDI is still not good

The atmosphere of the domestic polymeric MDI market is still not good. Although the manufacturers have taken measures to reduce the supply and improve the market near the end of the month, the insufficient demand has always restricted the domestic polymeric MDI market from going up.

According to the sample data monitored by SunSirs, from July 18th to 25th, the domestic polymeric MDI market price fell from 16,700 yuan/ton to 16,320 yuan/ton, with a price drop of 2.28% within the week and a 12.91% month-on-month drop. A year-on-year decrease of 19.70%.

Summary of domestic polymeric MDI market as of July 25:

Summary of domestic aggregated MDI traders as of July 25:

Raw material pure benzene: Crude oil fell for three days in a row, and external news support was weak. Downstream purchases have turned weak, and the price of pure benzene has turned down. On July 25, the domestic price of pure benzene was 8700-9150 yuan/ton.

Pure Benzene (upstream raw material)-Polymerized MDI price trend comparison chart:

In terms of aniline: domestic aniline fell weakly, pure benzene fell weakly, and the cost support of aniline weakened. The downstream delivery of aniline is in a general mood, and the factory’s shipments are lower than expected.

Comparison chart of the price trend of Sunsirs Aniline (upstream raw material)-Polymerized MDI:

In terms of enterprises, Yantai Wanhua’s 1.1 million tons/year plant is operating normally; Ningbo Wanhua’s 1.2 million tons/year plant is operating normally; Shanghai Covestro’s 600,000 tons/year plant is operating normally; Shanghai Huntsman’s 380,000 tons The /year unit is operating normally; or postponed to June-July for maintenance; Shanghai BASF’s 220,000-ton/year unit is operating normally; or postponed to June-July for maintenance; Chongqing BASF’s 400,000-ton/year unit is operating normally; Dongcao Rui’an 8 The 10,000-ton/year unit is operating normally.

Month K column chart of MDI domestic production price aggregated by SunSir:

Weekly K-column chart of MDI domestic production price aggregated by SunSirs:

Shangshui aggregated the list of product price fluctuations in the MDI industry chain:

Sirs agency aggregates the list of product price fluctuations in the sectors to which MDI belongs:

MDI devices are overhauled and overhauled, and the supply is expected to shrink. However, the downstream demand has been constrained for a long time. SunSirs aggregated MDI analysts predict that the domestic aggregated MDI market will be mainly at a low level.