SunSirs: Transaction Was Average, and MDI Was Consolidated at High Levels (November 11-15)
November 18 2024 09:41:53 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, from November 11th to 15th, the domestic MDI market price remained stable at 18,400 RMB/ton, with no fluctuations during the period and a year-on-year increase of 13.23%. During the week, the domestic MDI market was consolidating at a high level, with limited news support on the market and weak downstream buying intentions. The MDT market was in a stalemate and consolidating operation.
Analysis review
On the supply side, the 350,000 ton/year plant of Shanghai Huntsman is expected to undergo maintenance in mid November, which will last for about a month.
On the cost side, raw material benzene: Recently, the benzene market has seen a slight increase. As of November 15th, the benchmark price of benzene in SunSirs was 7,131 RMB/ton. Raw material aniline: As of November 15th, the domestic aniline market was stable, and the future market was mostly bearish. As of November 15th, the benchmark price of aniline in SunSirs was 9,500 RMB/ton. The overall impact of aggregating MDI costs is relatively small.
On the demand side, there was insufficient follow-up on downstream demand, resulting in low transaction volume and no signs of improvement in the near future.
Market outlook
The trend of the MDI market was weaker, with a downward trend in transaction volume. Combined with recent maintenance plans, supply tightening was limited, and it is expected that the MDI market will operate to be weaker in the short term.
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