According to the Commodity Market Analysis System of Shengyi Society, from December 9th to 13th, the domestic aggregated MDI market operated relatively strongly, with an average price of 18150 yuan/ton at the beginning of the week and 18183 yuan/ton at the end of the week, an increase of 0.18% during the period and a year-on-year increase of 14.12%. During the week, the domestic aggregated MDI market remained stable and rose, with downstream companies entering the market at a low price and primary demand. The supply side remained tight, which boosted the market and led to a slight increase in aggregated MDI prices.

On the supply side, Shanghai Huntsman’s 350000 ton plant will undergo maintenance for approximately one month. Shanghai Covestro’s 600000 ton plant will undergo maintenance in late November, lasting approximately 25 days. The 400000 ton MDI plant of BASF in Chongqing began maintenance on December 15th and is expected to be maintained for about a month.

On the cost side, raw material pure benzene: Recently, the pure benzene market has seen a slight increase. As of December 13th, the benchmark price of pure benzene in Shengyi Society is 7793 yuan/ton. Raw material aniline: Currently, the domestic aniline market is stable. As of December 13th, the benchmark price of aniline in Shengyi Society is 9525 yuan/ton. The overall impact of aggregating MDI costs is relatively small.

On the demand side, there is insufficient follow-up on downstream demand, resulting in a weak trading atmosphere and being in the off-season of consumption.

Future forecast: The current aggregated MDI market is showing a strong trend, with expectations of tight supply in the short term. However, due to demand constraints, the aggregated MDI market is expected to consolidate and operate.