According to the Commodity Market Analysis System of Business Society, the domestic aggregated MDI market fluctuated and declined in April. From April 1st to 29th, the domestic aggregated MDI market price increased from 16500 yuan/ton to 16866 yuan/ton, with a monthly price increase of 2.22% and a year-on-year price increase of 6.75%.

In the first half of the month, the domestic aggregated MDI market situation was sorted and operated, and suppliers continued to maintain a proactive attitude, controlling the quantity of shipments. Although the current supply side’s main factories maintain a low volume, the downstream market’s consumption capacity is limited.

In mid month, the domestic aggregated MDI market prices rose, boosting new orders and prices, releasing social inventory, limited supply of new goods from suppliers, tightening spot prices, and boosting focus, resulting in higher prices.

In the latter half of the month, the domestic aggregated MDI market saw a narrow upward trend, with a strong follow-up. After the demand side gradually entered the warehouse in the early stage, it has recently concentrated on digesting the increase and inventory, and its buying ability is average. Insufficient follow-up ability in downstream markets. But the supplier continues to maintain a proactive attitude, on the one hand, offering higher prices, and on the other hand, controlling the quantity of shipments.

The supply side is affected by favorable factors such as reduced supply from production enterprises.

On the cost side, raw material pure benzene: The domestic supply of pure benzene has decreased, and traders are actively shipping at high prices, shifting the focus of negotiations. However, downstream demand for pre holiday replenishment is approaching, procurement enthusiasm has decreased, and the price drop has not met downstream expectations, creating a sticky trading atmosphere. As of April 28th, the benchmark price of pure benzene for Shengyishe is 8750.50 yuan/ton. Raw material aniline: Currently, the supply and demand logic of aniline in China continues to be weak. As of April 28th, the benchmark price of aniline in Shengyishe is 12067.50 yuan/ton. The cost impact of aggregating MDI is mixed.

On the demand side, the May Day holiday is approaching, and downstream buyers are gradually entering the warehouse in the early stage. In the near future, buying and watching will be the main focus, considering an overall strong follow-up, combined with reserve warehouse demand, or a small amount of follow-up orders expected. The short-term aggregate MDI demand side is influenced by favorable factors.

In the future market forecast, the domestic aggregated MDI market price has reached a high level, with traders mostly adopting a wait-and-see attitude, and suppliers continuing to maintain a price stance. Business Society’s aggregated MDI analyst predicts that the domestic aggregated MDI market is mainly strong and consolidating.