First, the price trend

According to the price monitoring of business companies, as of October 22, the average price of domestic aggregate MDI market was 13,700 yuan / ton, the overall market conditions were down, the price fell by 55.98% compared with the same period of last year.

Second, the market analysis

Product: The domestic aggregate MDI market is narrowly explored. North China, East China Wanhua cargo traders talked about 13600-13800 yuan / ton, Shanghai cargo traders talked about 13200-13400 yuan / ton; South China Wanhua cargo traders talked about 13800 yuan / ton, Shanghai cargo traders talked about 13200-13500 yuan / ton. The market fundamentals are lacking, and the downstream enquiries are weak. The middlemen are short-selling and take shipments.

In terms of the market, the North China aggregate MDI market is weak and fading. The news was relatively light, the market inquiry turned weak, the industry was less confident in the market outlook, and the focus of negotiations was shifted downwards. East China’s aggregate MDI market is narrowly explored. The market is lacking in good news, the downstream on-demand procurement is cautious, the industry’s mentality is pessimistic, letting the business talk about shipments, and the market talks focus on a narrow range. South China’s polymerization MDI market talks narrowly. The fundamentals of the market are lacking, and the downstream enquiries are weak. The industry is more bearish on the market, and the market is under pressure.

Industry chain: East China aniline market consolidation operation. The equipment of East China Enterprise is stable, but the supply of Wanhua in the district is abundant, and the demand for sporadic retail investors is limited. As a result, the pressure on the rest of the enterprises in East China is relatively high, and the middlemen are more stable and wait and see the shipment.

Third, the market outlook

Business community view: On the positive side, individual companies have less volume; heavy bar equipment reduces load production. In the bearish side, Covestro’s latest offer was downgraded from the previous month; downstream resistance to high prices, market enquiries were limited; environmental protection, downstream procurement cautious. MDI analysts at the business community expect a weak decline in the aggregate MDI market in the short term.