According to the Commodity Market Analysis System of Shengyi Society, from February 17th to 21st, the domestic aggregated MDI market experienced a weak decline, with an average price of 18666 yuan/ton at the beginning of the week and 18600 yuan/ton at the end of the week, a decrease of 0.66% during the period and a year-on-year increase of 9.73%. The domestic aggregated MDI market experienced a slight decline during the week, with high prices and low transaction volume. Traders accelerated their delivery of goods, increasing the room for negotiation.

On the supply side, the temporary shutdown of the domestic Fujian plant is expected to take about half a month. The maintenance of the 410000 tons/year MDI plant in Jinhu, South Korea is scheduled to begin on February 9th and last for about a month. BASF’s 250000 tons/year MDI plant in South Korea is scheduled to undergo maintenance starting from February 9th, lasting approximately one month.

On the cost side, raw material pure benzene: Recently, the pure benzene market has fluctuated at a high level. Market supply remains high, but there is an increase in future maintenance plans, leading to an expected decrease in supply. Raw material aniline: The price is temporarily stable, with a mainstream price of 9200-9300 yuan/ton. Downstream demand is average, and the pressure on aniline enterprises to sell goods has increased, with more room for negotiation. It is expected that the aniline market will maintain a weak operation in the short term.

On the demand side, downstream demand follow-up is average, with a focus on essential needs. Export orders are still acceptable, but demand needs further improvement.

Future forecast: The current aggregated MDI market is running weakly, waiting for demand to rebound. It is expected that in the short term, the aggregated MDI market will digest and consolidate.