The domestic aggregate MDI market demand is insufficient, and the market is narrow. The monthly settlement prices of manufacturing enterprises have been announced successively, which are significantly lower than that of last month. The market atmosphere is relatively low, the downstream demand is poor, the market situation is weak and difficult to change, and the traders’ quotations are down. As of December 5, the mainstream offer price of domestic Wanhua goods (PM200) was 13800-14000 yuan/ton, and that of Shanghai goods (44V20, M20S, 5005) was 13600-13800 yuan/ton.

According to the sample data monitored by the business community, from November 28 to December 5, the domestic aggregate MDI market price fell from 14460 yuan/ton to 14240 yuan/ton, with a weekly price drop of 1.52%, a month on month drop of 5.07% and a year-on-year drop of 25.29%.

According to the price rise and fall chart of the polymerized MDI industrial chain products of the business community, the products with the price decline of the polymerized MDI industrial chain during the cycle include aniline (- 27.52%), formaldehyde (- 4.1%), polymerized MDI (- 5.07%) and spandex (- 5.26%).

Summary of domestic aggregate MDI market as of December 5:

Region./Wanhua Goods./Shanghai Goods

East China/13800-14100 yuan/ton above/13500-13600 yuan/ton

North China/. 13900-14000 yuan/ton nearby/. 13400-13600 yuan/ton

South China/. 13800-14000 yuan/ton/. 13500-13600 yuan/ton

Raw material pure benzene: the domestic market price of pure benzene rebounded after falling. East China spot traded at 6300-6630 yuan/ton, and Shandong market traded at 6500-6800 yuan/ton.

Aniline: The business community monitored the price fluctuation of the domestic aniline market, which was 10437 yuan/ton at the beginning of the week and 10596 yuan/ton at the weekend, up 1.53% in the cycle.

The downstream consumption capacity is weak, and the overall supply of goods is still abundant. Business agency MDI analysts expect that the domestic MDI market will be mainly on the sidelines.