According to the Commodity Market Analysis System of Shengyi Society, from November 18th to 22nd, the domestic aggregate MDI market fell weakly, with an average price of 18400 yuan/ton at the beginning of the week and 18333 yuan/ton at the end of the week, a decrease of 0.36% during the cycle and a year-on-year increase of 12.94%. During the week, the domestic aggregated MDI market operated weakly, with average downstream purchasing intentions and a focus on essential needs. At the same time, the news boost was limited, and the aggregated MDI market remained stagnant and consolidated.

On the supply side, Shanghai Huntsman’s 350000 ton/year plant will undergo maintenance for approximately one month. Shanghai Covestro operates at low negative loads and has maintenance plans in the near future. Partial maintenance of Wanhua Ningbo equipment, low negative operation.

On the cost side, raw material pure benzene: Recently, the pure benzene market has seen a slight increase. As of November 22nd, the benchmark price of pure benzene in Shengyi Society is 7405 yuan/ton. Raw material aniline: Currently, the domestic aniline market first fell and then rose. As of November 22nd, the benchmark price of aniline in Shengyi Society is 9087 yuan/ton. The overall impact of aggregating MDI costs is relatively small.

On the demand side, there is insufficient follow-up on downstream demand, resulting in low transaction volume and no signs of improvement in the near future.

Future forecast: The current trend of the aggregated MDI market is weak, with a downward trend in transaction volume. At the same time, the news boost is limited, and the mentality of industry players is poor. It is expected that the aggregated MDI market will operate weakly in the short term.