Oil prices rebound, driving TDI and MDI prices up

Thanks to the good news from the resumption of work in Europe and the United States, OPEC production cuts and other good news, the international crude oil prices have risen significantly, and the steady rebound of oil prices has driven the overall improvement of the chemical environment. Although TDI and MDI have no direct impact on terminal products, they have a mentality level. Deposit and profit expectations are good, MDI rose much before the holiday and slowed down after the holiday, while TDI's pre-holiday rally was slow and rose sharply after the holiday. At present, the TDI price in the East China spot market rose to 9,500 CNY/ton at the end of April from 9,400 CNY/ton, while the MDI rose to 12,000-12,600 CNY/ton.

The TDI market has recovered slightly at the end of April, and the stock pressure of the company has declined slightly, coupled with terminal dips, factory maintenance, and to a certain extent, it supports corporate confidence. At the same time, Wanhua officially took over the Wanhua Fujian TDI project and announced that its device restart will be postponed to further give the market a booster.

MDI: Overhaul of multiple Chinese companies in May

MDI also replicates the operating routines of TDI. First of all, MDI Covestro raised the market guidance price again by 200 CNY/ton to 11,900 CNY/ton, and Wanhua suggested a minimum sales price of 12,300 CNY/ton to give the market strong guidance. BASF ’s direct supply direction executed 12,000 CNY/ton And reserve the right to adjust prices at any time; the follow-up maintenance plans of the two major factories in Shanghai have been announced one after another, and the market atmosphere has once again risen.

Judging from the current situation, short-term TDI and MDI, under the firm attitude of the factory, the dealers will follow their pace, and the market price may continue to rise. In the later period, they still need to pay attention to changes in market supply and demand. The market is rising, and the downstream stocks of digestion are also superimposed on the subsequent epidemic situation, and the market may continue to rise.