According to the Commodity Market Analysis System of the Business Society, the domestic aggregated MDI market is organized and operated. From May 15 to 19, the price of the domestic aggregate MDI market fell from 15160 yuan/ton to 15060 yuan/ton, with a weekly drop of 0.66%, 1.44% month on month and 15.68% year-on-year. The overall atmosphere of the domestic aggregated MDI market is relatively bearish, with little fluctuation in traders’ quotations and an increase in market supply. At the same time, the bearish factors on the cost side have intensified, resulting in a weak and volatile aggregated MDI market.

On the supply side, the overall changes in the device are not significant. The Shanghai Lianheng 590000 ton/year MDI mother liquor device is expected to start shutdown and maintenance around June, lasting for about a month. In addition, the initial maintenance plan for the 130000+70000 ton/year MDI distillation unit in Dongcao, Japan, is expected to be around January, which will affect the 80000 ton/year MDI distillation unit in Dongcao Ruian, China. It is expected that the supply and inventory of goods will decrease slightly.

On the cost side, raw material pure benzene: The domestic pure benzene market continues to be weak, and the overall demand atmosphere is weak. Downstream consumption of raw material inventory is the main factor. On May 19th, the benchmark price of pure benzene for Shangshang Society was 6843.83 yuan/ton, a decrease of -7.94% compared to the beginning of this month (7433.83 yuan/ton). Raw material aniline: Domestic aniline is in weak operation. On May 19th, the benchmark price of aniline in Shangshang Society was 10200.00 yuan/ton, a decrease of -13.38% compared to the beginning of this month (11775.00 yuan/ton). The cost side of aggregated MDI is relatively weak.

On the demand side, the overall downstream follow-up is relatively slow, and the transaction atmosphere has significantly weakened compared to the previous period. The short-term aggregate MDI demand side is relatively short.

In the future market forecast, both cost and demand are bearish, and analysts from Business Society’s aggregated MDI predict that the domestic aggregated MDI market is operating in a weak trend.