According to the Commodity Market Analysis System of the Business Society, the domestic aggregated MDI market continues to be weak. From July 10th to 14th, the domestic aggregated MDI market price dropped from 16280 yuan/ton to 16066 yuan/ton, with a weekly price drop of 1.31%, a month on month decrease of 3.33%, and a year-on-year decrease of 6.18%. The supply is relatively abundant, traders’ quotations are relatively lower, and the trading atmosphere has weakened.

The supply side and the market supply side are relatively abundant. Shanghai Lianheng 350000+240000 t/a mother liquor unit has been overhauled since June 11, which affects the rectification units of Huntsman Corporation and BASF. In addition to the supporting maintenance, Ningbo Phase I 400000 t/a unit has been shut down for maintenance, the other Phase II 800000 t/a unit has been operated at low load, and Yantai unit has been operated at reduced load, but Shanghai 600000 t/a unit has returned to normal operation.

On the cost side, the raw material pure benzene has seen a significant increase in the domestic market price of pure benzene. The international crude oil price continued to rise, and some downstream ethylbenzene and Caprolactam devices were restarted, increasing the demand for pure benzene. On July 13th, the benchmark price of pure benzene for Shangye Society was 6397.17 yuan/ton, an increase of 3.45% compared to the beginning of this month (6183.83 yuan/ton). Raw material aniline: Currently, there is abundant supply of aniline, with downstream off-season. Downstream factories are not operating high, and demand is weak. The raw material pure benzene has been listed for price increase, resulting in increased costs and a slight increase in domestic aniline prices. The cost side of aggregated MDI is influenced by favorable factors.

On the demand side, the buying momentum on the demand side is weak, and the demand for the cold industry is slightly shrinking. The peak season demand in the pipeline market has not yet started, and the market follow-up is relatively average, resulting in insufficient overall boosting power. The short-term aggregate MDI demand side is bearish.

In the future market forecast, the current transaction is weak, and analysts from Business Society’s aggregated MDI predict that the domestic aggregated MDI market will mainly be sorted out.