According to the sample data monitored by SunSirs, from October 31 to November 7, the market price of domestic MDI fell from 15,000 RMB/ton to 14,350 RMB/ton, with a decline of 4.33% in the week, 12.82% month on month and 28.84% year on year.
Analysis review
The domestic MDI market declined deeply, and the decline was too large. Some traders did not make external quotations temporarily. The trading atmosphere was weak, and the future market would be hardly optimistic. The main reason for the price decline was that the demand was poor, and the mainstream manufacturers had significantly lowered the market guidance price.
Raw material pure benzene: The price of domestic pure benzene market continued to fall, and Sinopec's pure benzene was listed twice and lowered by 450 RMB/ton to 7,200 RMB/ton. East China spot traded at 6,800-7,380 RMB/ton, and Shandong market traded at 7,000-7,480 RMB/ton.
Aniline: SunSirs monitored that the domestic aniline market was sort out at a high level. The price at the beginning of the week was 1,700 RMB/ton, and at the weekend was 14,626 RMB/ton, with a decrease of 0.50% during the cycle.
Market outlook
The atmosphere of receiving orders of the downstream weakened, and traders were not active in buying goods. SunSirs’MDI analysts predict that the domestic MDI market may continue to decline.
