Since the beginning of this week, domestic aggregated MDI has reversed its downward trend. Strong rebound.
This Monday, a factory in Shanghai announced the latest weekly guide price, The chain was stable last week. In addition, there are rumors of factory supply control in the market. Afterwards, the maintenance plan of Shanghai manufacturers was confirmed, and they will enter into equipment maintenance from the end of June. Therefore, the industry expects that the manufacturers will tighten the market supply in the near future. From noon on Monday, the market quotations began to rise slightly, and downstream manufacturers entered the market to participate in covering positions in anticipation of price increases, and trading picked up.
On the morning of June 9th, we received news of the suspension of overseas installations On the other hand, the industry’s reluctance to sell offers has further strengthened. The domestic polymeric MDI market price has been raised to 17,300-17,500 yuan/ton in early trading, compared with 16,200-16,400 yuan/ton before the weekend of last week, an increase of 1,100 yuan/ton, an increase of 6.8 %.
The prices of upstream raw materials are firm and rising
Another main reason for the bottoming out of aggregated MDI is The reason is that the prices of upstream raw materials have continued to rise steadily in the near future. As of June 8, the closing price of pure benzene in East China has risen to 10,215 yuan/ton. The rise in the price of pure benzene is mainly due to the high external price, the decline in domestic production, and the scarcity of deliverables in the East China reservoir area. At the same time, the prices of other upstream raw materials of MDI such as aniline also rose strongly, and the cost support of MDI became stronger.
Summary:
The common news from the raw material end and the production end drives the Weekly aggregation MDI market price rebounded. Continue to pay attention to the news of maintenance plans of other factories in Shanghai and major northern factories, as well as the supply situation to the market. In addition, the strong support of the upstream raw material cost side for the MDI price trend may also be maintained in the short term. Therefore, it is predicted that the domestic MDI price will easily rise but not fall in the near future.
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