According to the Commodity Market Analysis System of Business Society, from May 16th to 23rd, the domestic aggregated MDI market price increased from 17366 yuan/ton to 17466 yuan/ton, with a price increase of 0.58% during the cycle, a month on month increase of 3.87%, and a year-on-year increase of 14.91%. The domestic aggregated MDI market is on the rise, with limited spot filling and support from market demand orders, causing prices to rise again. The overall social inventory is low, and the supply side has strong support, slowly pushing forward. However, downstream acceptance of current prices has weakened, with digestion and follow-up being the main focus.
On the supply side, the BASF plant in Shanghai will be shut down for maintenance on May 14th, lasting for about a month. On May 21st, the Fujian plant experienced a short shutdown. The shrinking supply of production enterprises is influenced by favorable factors in the supply side.
On the cost side, raw material pure benzene: The domestic pure benzene market is operating at a relatively high level. As of May 23rd, the benchmark price of pure benzene for Shengyishe is 8833.83 yuan/ton. Raw material aniline: Currently, the domestic aniline market is experiencing a narrow upward trend. As of May 23rd, the benchmark price of aniline in Shengyishe is 11705.00 yuan/ton. The cost side of MDI aggregation is influenced by favorable factors.
On the demand side, the overall downstream consumption capacity is still acceptable, maintaining a slow follow-up state. Currently, prices have entered a relatively high level, cautious sentiment has increased, purchasing willingness has weakened, and demand is mainly for basic needs. The short-term aggregate MDI demand side is influenced by favorable factors.
In the future market forecast, downstream demand follow-up is limited, and the market will mainly digest the increase. Business Society’s aggregated MDI analyst predicts that the domestic aggregated MDI market is mainly strong and following up.
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