This week, the MDI market in China saw a slight increase (8.4-8.8)

August 8th News

According to the commodity market analysis system, from August 4 to 8, the Chinese polymeric MDI market saw a slight increase. The average price at the beginning of the week was 15,650 CNY/ton, and by the end of the week, it had risen to 15,800 CNY/ton, with a price increase of 0.96% over the period, while it fell by 9.37% year-on-year. During the week, factory operations remained stable, and there were announcements of price support. Traders' quotations were steady with a slight upward push. Downstream transactions were mainly in small volumes, and under the tug-of-war between supply and demand, the market experienced a slight rise.

On the supply side, Dongbang Rui'an's 80,000 tons/year MDI plant began maintenance on July 23 and is expected to last approximately 35 days.

Cost-wise, recently raw materials benzene and aniline have shown mixed trends in price fluctuations, having limited impact on polymerized MDI.

Demand side, downstream demand is average, with a cold trading atmosphere, and transactions are mainly small orders.

Looking ahead, the current polymeric MDI market is supported by suppliers' willingness to maintain prices, leading to tentative price increases. In the short term, there are no significant changes expected on either the supply or demand side. Therefore, it is anticipated that upward pressure on the polymeric MDI market will increase in the near future, and the market is likely to continue operating in a consolidating manner.