Price Trend
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According to the price monitoring of business associations, as of May 15, the average price of domestic aggregated MDI market was 15,875 yuan/ton, and the overall market price was still falling.
II. Market Analysis
Products: Domestic aggregated MDI prices are still falling. On-site prices are declining at a daily rate, and social inventory is large. With the arrival of stockholders, prices are adjusted in time with the market, but demand has not changed much. After midday market low prices continue to be heard, the actual single transaction results need to be verified.
On the market side, the aggregate MDI market in North China and Shandong fell weakly. Downstream buy-up and kill-down mentality is strong, the market is short of real trading volume, intermediaries are more under pressure to bid for delivery, the market has heard of real low prices. East China aggregate MDI market weakness fell. At present, market information is confused, due to limited demand follow-up, the majority of operators lack confidence in the future market, mainly bidding for shipments, and the cost pressures of individual operators are becoming more and more obvious. South China aggregate MDI market weakness downward. The downstream just needs to be depressed, the market is not smooth, the operators are under pressure to bid for delivery, the market is constantly low prices.
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Industry chain: raw materials, pure benzene: East China pure benzene price has not changed much compared with the morning, the current spot negotiations in 4450-4540 yuan/ton, in May at 4470-4570 yuan/ton, in June at 4520-4620 yuan/ton. Aniline: The parking overhaul of main enterprises of aniline has not been restarted yet, and the supply side has some favorable support. However, downstream just need to take goods, the market stable consolidation. East China market mainstream reference 5800 yuan/ton acceptance. The price reference in North China market is 5720-5770 yuan/ton.
3. Future Market Forecast
Business Cooperative Viewpoint: On the positive side, Shanghai enterprises are more centralized in overhaul; many enterprises are listed on the new moon. On the negative side, due to the sluggish terminal demand, market consolidation is weak; individual enterprises release goods in volume, the mindset of the business collapses, and pressure delivery. MDI analysts from business associations predict that the short-term market will continue to be weak.
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