According to the Commodity Market Analysis System of Shengyi Society, from November 10th to 14th, the price center of the domestic aggregated MDI market slightly shifted upward, with an average price of 14300 yuan/ton at the beginning of the week and 14466 yuan/ton at the end of the week. During the cycle, it increased by 1.17% and decreased by 21.38% year-on-year. The aggregated MDI market remained stable and pushed up during the week, with supply from mainstream manufacturers tightening. In addition, major manufacturers have maintenance plans in the near future, and traders are reluctant to sell at low prices, resulting in cautious operations and a slight increase in prices.

On the supply side, the 200000 ton/year MDI in Jinhu, South Korea will undergo maintenance in early September, with a duration of 20-30 days. It has now resumed operation. Wanhua Ningbo has a maintenance plan in November, and the rest of the equipment is running smoothly.
On the cost side, the recent pure benzene market has slightly improved, with insufficient downstream orders and continued losses. The enthusiasm for raw material procurement is still not high, but with the price of pure benzene reaching a new low, downstream companies have entered the market on dips, and the market has rebounded slightly. This week, the market has risen slightly. Recently, the aniline market has been consolidating after rising. On November 5th, the market price of aniline was 7525 yuan/ton, and on November 13th it was 7737 yuan/ton, with a 2.82% increase during the period,
On the demand side, downstream demand remains weak, and the market has not shown significant improvement. Under the weak fundamentals, the aggregated MDI market is difficult to pick up.
Future forecast: Currently, the willingness of suppliers in the aggregated MDI market to raise prices will not decrease, and downstream demand will enter the market. We will closely monitor market transactions and expect the aggregated MDI market to maintain stability and operate in the short term.