Price Trend
According to the price monitoring of business associations, as of February 25, the average price of domestic aggregated MDI market was 14625 yuan/ton, and the overall market continued to explore.
II. Market Analysis
Products: Domestic aggregate MDI market continues to explore. North China and East China Wanhua negotiated 13500-13800 yuan/ton, Shanghai negotiated 13300-13500 yuan/ton, South China Wanhua negotiated 13600 yuan/ton and Shanghai negotiated 13400-13600 yuan/ton. The market learns that Cosco’s latest ex-factory execution is 13400 yuan/ton, the ring ratio is increased, the cost support is strengthened, and the market spot is limited, the business is reluctant to sell and bullish, Wanhua listing is about to be launched, the market wait-and-see atmosphere is strong, in the short term, the aggregated MDI market continues to move up, focusing on the guidance of enterprise volume and price news.
| PVA 1799 (PVA BF17) |
On the market side, North China Polymerization MDI market offer is firm. Wanhua listing will be launched soon, the market is more wait-and-see atmosphere, but due to less spot market, middleman offer remains firm, terminal follow-up shortage, market follow-up is mainly small orders. East China Poly MDI market offer is firm. The new moon listing of the main enterprises is coming soon. The operators are bullish on the future market, but the terminal follow-up is limited and the market follow-up is insufficient. South China Polymeric MDI market offers are scarce. Spot market is scarce, middlemen are reluctant to sell at low prices, downstream just need to follow up limited, market orders are difficult to release.
Industry chain: In terms of raw materials, East China aniline Market has been reorganized and operated. Sinopec’s pure benzene listing has been raised, and its cost support has been enhanced. However, downstream purchasing is just in need. Actual promotion is limited, and stable shipment is the main factor.
3. Future Market Forecast
Business Cooperatives Viewpoint: On the positive side, fewer enterprises supply in February, the industry sells at low prices; individual enterprises plan to strictly control the amount of goods outside; in February, the main enterprises listed up, cost support strengthened. On the short side, there are many stockpiles in the downstream in the early stage, and the purchasing is limited; the downstream just needs to recover slowly. Analysts of business associations aggregate MDI expect that in the short term aggregate MDI market interval consolidation is the main.
| PVA 1788 (PVA BP17) |