According to the Commodity Market Analysis System of Shengyishe, from March 1st to 8th, the domestic aggregated MDI market price fell from 17050 yuan/ton to 17000 yuan/ton, with a price drop of 0.29% during the cycle, a month on month increase of 2.82%, and a year-on-year increase of 0.59%. The domestic aggregated MDI market is weak and declining, with limited trading atmosphere and strong trading sentiment among traders. Overall, the intention to negotiate is maintained, and market prices are falling, with relatively insufficient support.

The supply side is affected by favorable factors such as reduced supply from production enterprises.

On the cost side, raw material pure benzene: Domestic pure benzene prices fluctuate and fall after opening up high. Imported goods on board remain at a low level, with an increase in downstream maintenance facilities and a decrease in demand. Port inventory has slightly accumulated. As of March 8th, the benchmark price of pure benzene in Shengyishe is 8262.17 yuan/ton. Raw material aniline: The domestic price of aniline first fell and then stabilized, while the price of raw material pure benzene fell, weakening cost support. In the early stage, due to the high pressure from the aniline factory and poor factory shipments, the price of aniline decreased. In the later stage, downstream demand improved but fell short of expectations, and the price of aniline stabilized horizontally. As of March 8th, the benchmark price of aniline in Shengyishe is 11000.00 yuan/ton. The cost side of MDI aggregation is influenced by bearish factors.

On the demand side, downstream demand is gradually recovering, and overall consumption power has improved. However, the current high price buying is still average, and further improvement and follow-up are needed. Waiting for the pipeline and sheet industry to start one after another, the market is slowly pushing forward. The short-term aggregate MDI demand side is temporarily affected by favorable factors.

In the future market forecast, as the supply of goods stabilizes and the quantity of goods is abundant, downstream follow-up will continue to be slow, and buying will be weak. Business Society’s MDI analyst predicts that the domestic MDI market consolidation will be the main focus.