Ningbo’s MDI plant maintenance plan has been announced, is there still room for upside in the market outlook?

Wanhua Chemical2month3 Daily announcement, according to the requirements of the production process and production equipment of chemical enterprises , in order to ensure the safe and effective operation of production equipment, according to the annual plan, the company’s wholly-owned subsidiary Wanhua Chemical(Ningbo)Co., Ltd.MDISecond Phase Installation(80Ten thousand tons/year)will be2023 Year2month13The production will be shut down for maintenance on the 1st, and the maintenance is expected30 days or so.

Based on Ningbo and ChongqingMDIThe expectation of the plant maintenance plan, as well as other market news, pushed the market higher last week. At present, the Ningbo installation plan has been announced, and the Chongqing installation has been shut down for maintenance, and the market center of gravity has experienced a narrow correction in the past two days. Domestic market outlookMDI Is there still room for a steady upward movement in the market?

Domestic aggregation last weekMDIMarket Review:

Domestic aggregation last weekMDIThe market pushed higher to the upside. As of last Friday2 Month3Day, East China market aggregationMDIMainstream quotation reference:16000-16500元/ tons, compared with the mainstream price increase around the Spring Festival holiday1200-1300元/tons, increase within the week8.1~8.6%.

Last week, each aggregationMDIManufacturers have all raised their latest listing prices and guide prices. In addition, it has been heard that manufacturers in Shanghai have controlled supply discounts to varying degrees in the distribution market. Boosted by the above news on the supply side, as well as the expectation of a recovery in the demand side in the market outlook, last week the market offer was relatively strong, pushing up continuously, and the trading volume was good. In the second half of the week, as prices continued to rise, downstream manufacturers followed up and became more cautious and wait-and-see, and inquiries decreased. In addition, since some mainstream agents have completed the weekly volume negotiations in advance, the external offers are relatively strong and stable, and we are waiting for the latest price and supply news from manufacturers next week. At the same time, the number of speculative shipments in the secondary market has increased, and the market has entered into digestion and consolidation. The speculative market is mainly due to the profit-taking of low-cost sources of goods before the Spring Festival. .

This week’s domestic aggregationMDIMarket Outlook:

<span style="font-size:9.0pt" MDIStrong cost support.

Supply side: main force last weekMDIManufacturers have increased the price2Monthly listing price, a factory in Shanghai This week the guide price has been raised again to165001650016500元/ tons, higher than the level of real orders in the market, which will continue to boost the market and support prices; It is heard that agents control the volume and supply discounts, which also reflects a relatively consistent attitude of supporting the market. As mentioned above, the overall distribution market shipped well last week. Before the end of last week, profit taking in the market increased, causing the market to fluctuate within a narrow range. However, most industry players still have optimistic expectations for the market outlook.

Demand side: Last week, downstream manufacturers returned to the market one after another, and the purchase market was mostly concentrated from the end of last week to the first half of this week, and the second half of the week will follow The market price continued to rise, those who did not get the goods turned to wait and see, and the overall inquiries and follow-ups weakened. The industry waits and sees the recent thermal insulation project and the return of other downstream manufacturers from the holidays and the follow-up situation of receiving goods. On the whole, it is expected that domestic aggregation this weekMDIThe market is digested in the short term, fluctuating within a narrow range, and the overall Disk strong operation.

quot;,sans-serif”>16500 Yuan/ tons, which is higher than the actual order negotiation level of the market, which will continue to boost the market and Price support; in addition, last week, manufacturers heard that agents had controlled volume and discounted supply to varying degrees, which also reflected a relatively consistent attitude towards the market. As mentioned above, the overall shipments in the distribution market last week were good. Before last weekend, the market received The increase in profits caused the market to fluctuate within a narrow range, but most industry players still have optimistic expectations for the market outlook.

Demand side: Last week, downstream manufacturers returned to the market one after another, and the purchase market was mostly concentrated from the end of last week to the first half of this week, and the second half of the week will follow The market price continued to rise, those who did not get the goods turned to wait and see, and the overall inquiries and follow-ups weakened. The industry waits and sees the recent thermal insulation project and the return of other downstream manufacturers from the holidays and the follow-up situation of receiving goods. On the whole, it is expected that domestic aggregation this weekMDIThe market is digested in the short term, fluctuating within a narrow range, and the overall Disk strong operation.