According to the Commodity Market Analysis System of the Business Society, the domestic aggregated MDI market fluctuated and rose in August. From August 1st to 31st, the domestic aggregated MDI market price increased from 17150 yuan/ton to 17516 yuan/ton, with a price increase of 2.14% during the cycle and a maximum amplitude of 3.60%. The price increased by 18.36% year-on-year.
At the beginning of the month, production enterprises controlled the quantity of shipments, but the market supply was insufficient. Traders’ quotations were skyrocketing, leading to stronger follow-up. In mid month, due to the impact of factory maintenance by production enterprises, the spot filling is limited, the market atmosphere is high, and the support capacity is relatively outstanding. The domestic aggregated MDI market price is slowly driving. In the latter half of the month, the overall supply is still relatively limited, and the overall market price fluctuation is slow, with a narrow range of consolidation.
On the supply side, the overall supply is relatively limited. The supply side is influenced by favorable factors.
On the cost side, raw material pure benzene: The domestic pure benzene market remained at a high level in August. The rise in crude oil has boosted refinery prices, with downstream and traders actively following suit and the transaction is still acceptable. Raw material aniline: The aniline market fluctuated and rose in August. The fundamentals of aniline are relatively strong, and the bidding prices of northern factories have increased, with strong cost support. The follow-up on the demand side is normal, and with the fulfillment of Wanhua’s maintenance plan within the past month, the market’s positive guidance is obvious. There is no pressure on aniline factory shipments, and the quotation continues to rise. The cost side of short-term aggregated MDI continues to be strong.
On the demand side, under the traditional peak season of the pipeline industry, the overall performance is average, while other industries have not changed much recently. The demand for short-term aggregated MDI is mixed.
In the future market forecast, the cost side is supported by high levels, and the overall support capacity of the supply side is strengthening. With the downstream cold industry still in a state of follow-up, analysts of Business Society’s aggregated MDI predict that the domestic aggregated MDI market is mainly high and volatile
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