According to the Commodity Market Analysis System of Business Society, the domestic aggregated MDI market has been fluctuating and declining. From September 5th to 12th, the domestic aggregated MDI market price fell from 17183 yuan/ton to 16983 yuan/ton, with a price drop of 1.16% during the cycle, a month on month decrease of 2.67%, and a year-on-year increase of 6.15%. At the beginning of the month, some sources of goods gradually filled in, while the demand side consumption capacity was slightly average, resulting in a slow decline in aggregated MDI prices.
On the supply side, the overall supply has recovered. The supply side is influenced by bearish factors.
On the cost side, the raw materials of pure benzene, crude oil and styrene are relatively strong, coupled with positive factors such as the demand increase brought by downstream production in September and early stocking before holidays, the price of pure benzene continues to rise; As of September 12th, the benchmark price of pure benzene for Shangshang Society is 8045.50 yuan/ton. Raw material aniline: The domestic aniline market price is actively strengthening, and the price of raw material pure benzene has increased, resulting in stronger cost support. In September and October, some factories have significant maintenance plans for their aniline plants. Currently, the factories are reluctant to sell and the market is bullish. As of September 12th, the benchmark price for aniline in the business community is 12675.00 yuan/ton. The cost side of aggregated MDI is influenced by favorable factors.
On the demand side, the overall improvement of the downstream segment is still limited at the current stage, with a relatively stable and cold environment. However, the performance of pipelines, spraying, and other aspects is mediocre. The supply side is abundant, and the efficiency of spot circulation has increased compared to before. The middle and downstream sectors are increasingly purchasing according to demand. The demand for short-term aggregated MDI is mixed.
In the future market forecast, with high costs as the support, the supply side benefits are gradually disappearing, and downstream demand is average. Business Society MDI analysts predict that the domestic aggregated MDI market is mainly weak and organized.
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