The domestic aggregate MDI market fluctuated and sorted out. Although traders deliberately covered the goods, the demand was suppressed, the price increase was not successful, and the specific transaction was general. Zhou Du Baojia’s guided price was still reduced by a wide margin, the market quotation in the trade link was reduced, and the shipment was actively negotiated. With the reduction of supply in some factories and the rapid decline of market prices recently, middlemen have closed their plates and waited. In addition, the maintenance news of some enterprises broke out, and some traders intended to stir up, but there were few actual orders.

According to the sample data monitored by the business community, from November 5 to November 12, the market price of domestic aggregated MDI fell from 20300 yuan / ton to 20233 yuan / ton, with a decrease of 0.33% in the cycle, 13.53% month on month and 9.37% year-on-year.

Summary of domestic aggregate MDI market as of November 15:

Region, Wanhua goods, Shanghai goods

East China 20000-20200 yuan / ton 19200-19300 yuan / ton

South China 20000-20200 yuan / ton 19000-19200 yuan / ton

North China and Shandong 19800-20200 yuan / ton 19300-19500 yuan / ton

The price of pure benzene fell. Raw crude oil and styrene in the main downstream fell broadly, which stimulated the negative impact on pure benzene. However, driven by the favorable expectation of its own supply and demand side, pure benzene shows strong resistance to decline, and the decline is far less than that of upstream and downstream products.

Comparison chart of pure benzene (upstream raw material) – polymerized MDI price trend of business society:

In terms of aniline: both raw materials fell, and the cost support of aniline weakened; Downstream resistance to high priced aniline increased, follow-up weakened, and the high price of aniline corrected. During the week, the market cautiously watched the downstream pick-up sentiment and stabilized after falling. At present, the market is cautiously watching the downstream purchasing sentiment. Dongying Huatai and Shandong Jinmao aniline plants are restarted, and Jinling plant is planned to be overhauled, which may affect the trend of aniline.

Comparison chart of aniline (upstream raw material) – polymerized MDI price trend of business society:

In terms of enterprises, Japan’s Dongcao maintenance device has resumed production; Shanghai Lianheng phase 1 unit was restarted last week; The load of Shanghai huntsman and Shanghai BASF units has increased one after another.

In the future, business community aggregation MDI analysts expect that the domestic aggregation MDI market is depressed and mainly sorted out.