Price trend
According to the Commodity Market Analysis System of SunSirs, the MDI market has been fluctuating at a low level recently, and the downward trend has slowed down. The mainstream quotation for Shanghai goods (44V20, M20S, 5005) was 16,500-16,600 RMB/ton, and the mainstream quotation for domestic goods (PM200) was 17,000-17,200 RMB/ton.
Analysis review
The Fujian plant was operating at reduced load, and in addition, there were plant maintenance and supply reduction in Japan. The downstream demand was mainly due to urgent needs, and the purchase of gas needed to be restored.
Market outlook
It is expected that the MDI market will operate to be weaker in the short term.
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