According to the Commodity Market Analysis System of Shengyi Society, from August 5th to 9th, the domestic market price of aggregated MDI fell from 17500 yuan/ton to 17433 yuan/ton, with a price drop of 0.38% during the period and a year-on-year decline of 0.1%. The domestic aggregated MDI market has experienced a narrow decline, with a decrease in supply, but downstream demand is slow. Under the supply-demand game, the price of aggregated MDI has slightly decreased.

On the supply side, Huntsman’s 470000 tons/year MDI production plant located in Rosenburg, the Netherlands, announced on August 5th local time that it was affected and the plant was operating at low negative load. There have been no new maintenance of domestic facilities this week, and the load reduction of overseas factories has boosted the domestic market.

On the cost side, raw material pure benzene: The domestic pure benzene market is fluctuating and declining. As of August 9th, the benchmark price of pure benzene in Shengyi Society is 8410 yuan/ton. Raw material aniline: Currently, the domestic aniline market is experiencing a strong upward trend, exceeding 10000 yuan. As of August 9th, the benchmark price of aniline in Shengyi Society is 10550 yuan/ton. The overall cost of aggregated MDI has not changed significantly.

On the demand side, the downstream market is slowly following up and has been in a stalemate recently. The market atmosphere is relatively quiet, with many inquiries and limited actual transactions. Recently, the cold and formaldehyde free board industry has been slow to follow up, and the overall market has been weak. Short term aggregated MDI demand is affected by bearish factors.

Future forecast: In the future, factories with maintenance plans and reduced supply expectations may boost the MDI market. Business Society’s aggregated MDI analyst predicts that the domestic aggregated MDI market will experience strong fluctuations.