The domestic aggregate MDI market price continued to fall broadly, and the market price fell faster after the middle of the week. At the beginning of the week, the weekly guideline price of Shanghai factory was sharply reduced, which instantly stimulated the bearish mood of the industry. Near the weekend, Wanhua announced the buy it now price in the last stage of October. Although the price remained stable month on month, it was sold in limited quantities, which improved the positive bullish mood of traders. Some traders closed their offer and did not report it, waiting for the price rise at the beginning of next week.
According to the sample data monitored by the business community, from October 15 to 22, the market price of domestic aggregated MDI fell from 23400 yuan / ton to 21760 yuan / ton, with a price decrease of 7.01% during the cycle, a price increase of 4.03% month on month and a year-on-year increase of 7.06%.
Summary of domestic aggregate MDI market as of October 22:
Region, Wanhua, Shanghai
South China 21500 yuan / ton 21000-21200 yuan / ton
East China 21600-21800 yuan / ton 21200-21300 yuan / ton
North China and Shandong 21300-21500 yuan / ton 21200-21300 yuan / ton
Summary of domestic aggregated MDI traders as of October 22:
enterprise ., Model, price
Nanjing Tanqing Trading Co., Ltd Each model 21500 yuan / ton
Guangzhou Boshun Chemical Co., Ltd Shanghai Material 21500 yuan / ton
Shandong Bosu New Material Co., Ltd Wanhua material 21800 yuan / ton
Shandong Bosu New Material Co., Ltd Shanghai Material 21500 yuan / ton
Linyi Shijia Trading Co., Ltd Wanhua material 21800 yuan / ton
Linyi Shijia Trading Co., Ltd Shanghai Material 21500 yuan / ton
The recent arrival of low-cost Jinhu goods in the early stage has exacerbated the bearish sentiment of the industry in the future. Shanghai maintenance plants have also been restarted one after another, and the tight supply situation may be alleviated.
After the National Day holiday, the price of raw material pure benzene fell. Due to the impact of film restrictions in the lower reaches of Jiangsu, the overall commencement is not ideal, and the prices of bulk commodities and downstream styrene have weakened significantly, so the industry is bearish on the outlook.
Comparison chart of pure benzene (upstream raw material) – polymerized MDI price trend of business society:
Raw aniline has strengthened in a wide range. Despite the increase of unit load, the overall operating rate of domestic aniline is still low, the spot tradable volume is small, and the factory has the operation of sparing sales at low prices and limited delivery.
Comparison chart of aniline (upstream raw material) – polymerized MDI price trend of business society:
In terms of enterprises, Shanghai Ecological Environment Bureau recently publicized the impact assessment information of MD refining expansion project of Shanghai BASF Polyurethane Co., Ltd. before submitting for approval. The total investment of the project is planned to be 340 million yuan to build a refining unit with an MDI capacity of 90000 tons / year and supporting storage tank farm.
In the future, business community aggregation MDI analysts expect that the domestic aggregation MDI market is mainly sorted out.