The domestic aggregate MDI market continued to rise slightly last week, and low prices were heard near the weekend, but there was no specific deal. In the early stage, the domestic aggregate MDI price has dropped to the low point within the year. Driven by raw materials, the price has risen and the atmosphere has improved. At present, the price of raw materials is relatively low, and the traders still continue to be optimistic in the early stage. Small orders are shipped, but low prices are not available. As of November 18, the mainstream offer price of domestic Wanhua goods (PM200) was 14600-15000 yuan/ton, and that of Shanghai goods (44V20, M20S, 5005) was 13900-14100 yuan/ton.

According to the sample data monitored by the business community, from November 11 to 18, the domestic aggregate MDI market price rose from 14400 yuan/ton to 14775 yuan/ton, with a price increase of 2.60% in the week, a year-on-year decline of 13.90% and 26.25%.

According to the price rise and fall chart of the polymerized MDI industrial chain products of the business community, the products with the price decline of the polymerized MDI industrial chain during the cycle include aniline (- 23.94%), formaldehyde (- 3.11%), polymerized MDI (- 13.9%) and spandex (- 2.97%).

Summary of domestic aggregate MDI market as of November 18:

Region, Wanhua Goods, Shanghai Goods

East China, above 14800-15000 yuan/ton, 13800-13900 yuan/ton

In North China, around 14500 yuan/ton, 13800-14000 yuan/ton

In South China, 14600-14800 yuan/ton, 13800-14000 yuan/ton

Raw material pure benzene: the price of domestic pure benzene market fluctuates mainly. East China spot traded at 6970-7150 yuan/ton, and Shandong market traded at 6850-6950 yuan/ton.

Aniline: The business community monitored that the price of domestic aniline market fell sharply, with the price of 13575 yuan/ton at the beginning of the week and 10782 yuan/ton at the weekend, a drop of 20.57% in the cycle.

The downstream consumption capacity is weak, and the overall supply of goods is still abundant. Business agency MDI analysts expect that the domestic MDI market will be mainly on the sidelines.