According to the Commodity Market Analysis System of Shengyi Society, from August 12th to 16th, the domestic aggregated MDI market price increased from 17233 yuan/ton to 17316 yuan/ton, with a price drop of 0.48% during the period and a year-on-year decline of 0.95%. The domestic aggregated MDI market saw a slight increase during the week, as the supply of MDI decreased due to maintenance by domestic and foreign enterprises, leading to upstream price increases and a slight push up.

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 by the incident and was operating at low negative load. It resumed normal operation on the 13th. The 1.1 million ton MDI units of Yantai Wanhua and 80000 ton MDI units of Dongcao Rui’an in China are currently under maintenance.

On the cost side, raw material pure benzene: The domestic pure benzene market is experiencing strong fluctuations. As of August 16th, the benchmark price of pure benzene in Shengyi Society is 8534 yuan/ton. Raw material aniline: Currently, the domestic aniline market has risen but fallen, with prices decreasing. As of August 16th, the benchmark price of aniline in Shengyi Society is 10125 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.