According to the Commodity Market Analysis System of Shengyi Society, from September 15th to 19th, the domestic aggregated MDI market experienced a slight decline, with an average price of 15083 yuan/ton at the beginning of the week and 15016 yuan/ton at the end of the week, a decrease of 0.44% during the period and a year-on-year decrease of 16.96%. During the week, the aggregated MDI supply remained stable with average inquiries and few transactions, resulting in a slight downward shift in the actual transaction price center. Intermediary quotations follow the market trend, while large factories maintain stable quotations. The news support is limited, and the trading atmosphere is average.

On the supply side, the 80000 tons/year MDI plant in Dongcao Rui’an restarted on August 26th and the plant has returned to normal.
On the cost side, pure benzene has slightly increased this week. International oil prices have risen and the Double Festival is approaching, with downstream demand for stocking up. Pure benzene prices have fluctuated and risen, and the future market is limited by the weak impact of its own fundamentals, with limited upward space. The aniline market saw a slight increase, with stable supply and demand, and a stable future.
On the demand side, the downstream market is not prosperous during the peak season, and the Jinjiu market has not shown significant improvement. With weak fundamentals, the aggregated MDI market is difficult to pick up.
Future forecast: Currently, the supplier’s production is stable, the source of goods is filling quickly, and the demand is not strong. It is expected that the aggregated MDI market will operate weakly in the short term.