SunSirs: Domestic MDI Market Declined Slightly

https://www.chemnet.com   Dec 06,2022 SunSirs

　　According to the sample data monitored by SunSirs, from November 28 to December 5, the domestic MDI market price fell from 14,460 RMB/ton to 14,240 RMB/ton, with a weekly price drop of 1.52%, a month on month drop of 5.07% and a year-on-year drop of 25.29%.

　　Analysis review

　　The domestic MDI market demand was insufficient, and the market declined weakly. The monthly settlement prices of manufacturing enterprises had been announced successively, which were significantly lower than that of last month. The market atmosphere was relatively low, the downstream demand was poor, the market situation was weak and difficult to change, and the traders' quotations were down. As of December 5, the mainstream offer price of domestic Wanhua goods (PM200) was 13,800-14,000 RMB/ton, and that of Shanghai goods (44V20, M20S, 5005) was 13,600-13,800 RMB/ton.

　　According to the price rise and fall chart of the MDI industrial chain products of SunSirs, the products with the price decline of the MDI industrial chain during the cycle included aniline (- 27.52%), formaldehyde (- 4.1%), MDI (- 5.07%) and spandex (- 5.26%).

　　Raw material pure benzene: the domestic market price of pure benzene rebounded after falling. East China spot traded at 6,300-6,630 RMB/ton, and Shandong market traded at 6,500-6,800 RMB/ton.

　　Aniline: SunSirs monitored that the price of domestic aniline market fluctuated, and the price was 10,437 RMB/ton at the beginning of the week, 10,596 RMB/ton at the weekend, up 1.53% in the cycle.

　　Market outlook

　　The downstream consumption capacity is weak, and the overall supply of goods is still abundant. Business agency MDI analysts expect that the domestic MDI market will be sorted out and mainly on the sidelines.

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