Since the beginning of July, the domestic MDI-50 market price has fallen after a small rebound in June, and the trend has been downward throughout the month. From late July to early August, the rate of decline accelerated. As of August 10, the mainstream quotation in the distribution market is 19,000-19,200 yuan/ton, and the actual negotiated price is as low as 19,000 yuan/ton. It is heard that the current price position is at the lowest point since the beginning of 2021.
7In March, the domestic MDI-50 market weakened and went down
Supply side: In the middle and late June, when the market price of MDI-50 went up, traders and downstream manufacturers participated in placing orders in the market. In early July, suppliers concentrated on delivery , The distribution/downstream manufacturers' inventories have increased overall, and market players have negotiated loose prices in order to promote transactions and shipments. However, downstream manufacturers' new order inquiries and follow-ups have turned weak. In mid-July, the downstream consumed the pre-stocked stocks, and the buying momentum on the market was also weak. The shipping attitude of the industry was relatively calm, and the real orders were negotiated with a small profit, and the volume of trading was reduced. It is sometimes heard that the negotiated price is lower than the mainstream price. In late July, the follow-up pace of downstream manufacturers was still slow, and the shipping mentality of industry players generally increased.
8In the first ten days of the month, the price of MDI-50 dropped faster
Supply side: The supply of goods in the industry is relatively abundant, the mentality of shipments has further strengthened, and the offer continues to be weak. The bearish and positive shipping mentality of the industry has not been significantly improved.
Demand side: The main downstream industries of MDI-50 in the domestic market are runway rubber, packaging rubber and MDI prepolymer, etc. Affected by this year's epidemic and the slowdown in the overall economy and production activities, the performance of the overall downstream demand side of MDI-50 is not as good as in previous years. Runway glue: it belongs to the downstream industry with seasonal demand of MDI-50. This summer, the number of runway engineering projects has decreased compared with previous years, and the demand performance of other downstream glue industries is not as good as in previous years; MDI prepolymer: the performance from the automobile industry is relatively flat, but some regions Due to the holiday due to the high temperature, the depots have slightly reduced output fluctuations. Therefore, the overall shipment of MDI-50 industry players is not smooth.
8 Around the 10th of March, the market price bottomed out
A factory in Shanghai controls the supply to the distribution market. Some manufacturers are out of stock. There is no news of other manufacturers controlling the amount. However, as some manufacturers have already reduced their burdens and production, it is expected that the pressure on suppliers will gradually ease, and the MDI-50 market may rebound slightly after bottoming out at a low level.
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