According to the Commodity Market Analysis System of Business Society, the domestic aggregated MDI market is slowly following up. From November 8th to 15th, the domestic aggregated MDI market price increased from 16183 yuan/ton to 16250 yuan/ton, with a price increase of 0.41% during the cycle, a month on month increase of 2.63%, and a year-on-year increase of 11.11%. The overall market quotation pace is slowly improving, and spot transactions are slowly following up. As prices rise, some shipments are willing to increase, and the market follow-up atmosphere has weakened, resulting in a slow overall push. The demand side is slowly following up, with some just needed orders still remaining and transactions. The overall market support is relatively obvious, and the market is digesting social inventory.

On the supply side, the 600000 ton/year device at the Shanghai MDI factory began maintenance on November 16th, with distillation shutdown for about two weeks, and synthesis maintenance until mid December. Chongqing MDI Factory’s 400000 ton/year device year-end storage and maintenance plan. In addition, there are rumors in the market that the Ningbo factory has maintenance plans in mid November. As well as the 80000 ton/year plant of Dongcao Ruian, due to the maintenance of the mother liquor plant in Japan, the output ratio has decreased, and the transportation of the mother liquor has been greatly affected, affecting the production of its Dongcao Ruian distillation unit. Overall, the domestic supply has significantly shrunk, while the foreign supply is expected to remain, and there may be a possibility of import supply filling. The supply side is influenced by favorable factors.

On the cost side, the raw material pure benzene, the domestic pure benzene market continues to be weak, and the crude oil futures market is weak, leading to a downward revision of the main enterprise listing. As of November 15th, the benchmark price of pure benzene for Shangshang Society is 7685.50 yuan/ton. Raw material aniline: The domestic aniline market continues to rise, and transportation is limited in the north due to weather conditions. Currently, the inventory pressure of aniline factories is relatively low. As of November 15th, the benchmark price of aniline in Shangshang Society is 12725.00 yuan/ton. The cost of aggregating MDI is mixed.

On the demand side, the overall performance of the downstream building materials industry has declined, and the overall follow-up is not as good as in the early stage. However, the performance of the refrigerator and household appliances, formaldehyde free panels, and automotive industries is still good, and the market is slow to follow up, with limited driving force. The focus is on just following up. The demand for short-term aggregated MDI is mixed.

In the future market forecast, with the current situation of supply and maintenance shrinking, the overall market support still exists, but the downstream follow-up force is relatively average. Business Society’s aggregated MDI analysts expect that the domestic aggregated MDI market will be mainly organized in a narrow range.