According to the Commodity Market Analysis System of the Business Society, the domestic aggregated MDI market continues to be weak. From April 7 to 14, the price of the domestic aggregate MDI market fell from 15280 yuan/ton to 15080 yuan/ton, with a weekly drop of 1.31%, 10.34% month on month and 18.49% year-on-year. Downstream demand side follow-up is weak, overall market confidence is insufficient, and the supply of goods is relatively abundant, with limited support for the market. The aggregated MDI market continues to be weak.

On the supply side, Shanghai Huntsman’s aggregated MDI price in April 2023 was 20000 yuan/ton, which remained unchanged month on month. The MDI distribution channel of Wanhua Chemical Polymerization had a one-time price of 18000 yuan/ton in early April, which remained unchanged. The listing price of Aggregated MDI in April 2023 was 19800 yuan/ton, which remained stable month on month.

In terms of cost, raw material pure benzene: the price of domestic pure benzene market rose significantly, and the spot transaction was 7410-7500 yuan/ton; Shandong market price was 7200-7350 yuan/ton. The overall demand for pure benzene in the downstream has increased, and the short-term domestic pure benzene market is at a high level. Raw material aniline: expected domestic aniline to rebound slightly. The inventory of aniline is slow and the price has slightly increased. The cost side of aggregated MDI is relatively favorable.

On the demand side, the overall follow-up ability of the demand side is average, while downstream purchasing power is weak, and the overall downstream consumption capacity is still relatively limited. Short term aggregate MDI demand side support is insufficient.

In the future market forecast, the overall follow-up ability of the downstream industry is limited, and the short-term market lacks positive support. Business Society’s MDI analyst predicts that the domestic MDI market will continue to decline.