Last week, the domestic polymeric MDI market rebounded and rose within a narrow range. As of last Friday, the domestic polymeric MDI market price was 14,700-14,800 yuan/ton.
Supply side:
At the beginning of last week, the weekly guidance price of a factory in Shanghai was lowered to 15,400 yuan/ton, which was still higher than the market level of 14,500-14,800 yuan/ton in the same period Ton. Due to the downward adjustment of the guide price, the market was flat and sideways last Monday, and the industry followed the market, but the low price was cautious. Subsequently, since noon on Tuesday, with the increase of bottom-hunting inquiries from downstream manufacturers and secondary trade links, the market has stopped falling and rebounded. The sharp rise to 14700-15000 yuan / ton. In the second half of the week, although the market negotiation and trading atmosphere turned weak, the overall shipping pressure of distributors has eased.
From midday last Friday, the supply-side news will be released:
- The Lianheng maintenance plan is established, and the Shanghai factory is expected to reduce supply:Shanghai Lianheng Phase I and Phase II MDI plants (total capacity 590,000 tons/year ) will also be scheduled to stop for maintenance in June, and the maintenance time will last for one month. Affected by this, the MDI products of its downstream manufacturers will reduce the supply to the market from April to July.
- Japan’s Tosoh inspection plan ahead of schedule:Tosoh’s MDI plant in Nanyang, Japan, which was originally scheduled to be shut down for maintenance in mid-May (the maintenance capacity is 200,000 tons/year ), the overhaul will be advanced to the beginning of May, and the estimated overhaul time will be about 1.5 months.
- Northern factory suspends orders in the middle of the month:A large northern manufacturer’s aggregated MDI distribution channel has completed its mid-term plan and is suspending orders today.
This week’s outlook:
- Increased raw material cost support:The pure benzene market digested and sorted out last week, and 3 new pure benzene plants were shut down within the week, although the Tangshan plant restarted , The overall supply to the market has shrunk, and the price of pure benzene manufacturers has increased accordingly. However, affected by the decline in demand, the pure benzene market has been digested and sorted out within the week. Affected by the strong adjustment of upstream pure benzene, aniline rose slightly after falling last week, mainly due to the reduction of parking supply in Dongying Huatai during the week. However, the downstream demand for aniline has been weak recently, and it is expected that aniline will consolidate after rising this week. On the whole, the above-mentioned raw material side has a slightly stronger support for the MDI cost side.
- Supply side:MDI manufacturer maintenance and suspension of orders were released last Friday, boosting market sentiment. The latest weekly price of Shanghai manufacturers this week is 15,400 yuan / ton, which is stable from the previous month.
- Demand side:Last week, some downstream factories had short-term intensive stockpiling, and it is expected to maintain follow-up purchases on demand this week. The actual start of work and the consumption capacity of raw materials have not yet shown a significant recovery.
To sum up, it is expected that the aggregated MDI market will rise steadily and consolidate within a narrow range this week.
微信扫一扫打赏
