According to the Commodity Market Analysis System of Shengyi Society, from September 2nd to 6th, the domestic market price of aggregated MDI increased from 17300 yuan/ton to 17866 yuan/ton, with a price increase of 3.28% during the period and a year-on-year increase of 4.28%. The domestic aggregated MDI market saw a wide rise during the week, with tight supply on site and suppliers reluctant to sell. Downstream demand also entered the market, resulting in tight prices for aggregated MDI goods.

On the supply side, the 400000 ton MDI plant of Wanhua Europe resumed operation on September 3, while the 1.1 million ton MDI plant of Wanhua Ningbo has not yet resumed operation and is in a parked state. BASF’s facility in Belgium, Dow’s facility in Germany, and Covestro’s facilities in Spain and Germany are all operating at low load.

On the cost side, raw material pure benzene: Recently, the pure benzene market has fluctuated and risen. As of September 6th, the benchmark price of pure benzene in Shengyi Society is 8534 yuan/ton. Raw material aniline: Currently, the domestic aniline market is experiencing a slight increase. As of September 6th, the benchmark price of aniline in Shengyi Society is 10675 yuan/ton. The overall cost of aggregated MDI has not changed significantly.

On the demand side, the demand remains stable and follows up. Recently, the buying momentum has gradually increased, and there have been many inquiries, resulting in stable actual transactions.

According to future forecasts, it is reported that due to a significant increase in export demand and slower than expected equipment recovery, a large northern manufacturer’s MDI distribution channel has sold out all planned sources of goods in the first ten days of September. Recently, the MDI market has remained tight, and it is expected that the MDI market will continue to operate strongly in the short term.