According to the sample data monitored by the business agency, the market price of domestic aggregated MDI at the beginning of the month was 21100 yuan / ton, and the price at the end of the month was 19360 yuan / ton, with a decrease of 8.25% during the month and a year-on-year decrease of 1.97%.

According to the price monitoring of the business community, in the list of commodity prices in October 2021, there were 72 kinds of commodities rising month on month in the chemical sector, including 51 kinds of commodities rising by more than 5%, accounting for 51% of the monitored commodities in the sector; The top three commodities were ammonium sulfate (62.96%), chloroform (48.06%) and bromine (43.01%). A total of 24 commodities decreased month on month, and 13 commodities decreased by more than 5%, accounting for 13% of the monitored commodities in this sector; The products with the top three declines were phosphoric acid (- 27.33%), organosilicon DMC (- 26.28%) and acetic acid (- 24.50%). The average rise and fall this month was 8.3%.

Summary of domestic aggregate MDI market as of November 30:

Region, Wanhua goods, Shanghai goods

North China and Shandong 19000 yuan / ton 18300-18500 yuan / ton

East China 19000 yuan / ton 18300-18500 yuan / ton

South China 19000-19200 yuan / ton 18400-18500 yuan / ton

At the beginning of June, the domestic aggregate MDI market continued to decline. Traders have reduced their quotations for shipment. The weekly guideline price of Shanghai Kesi Chuang is still reduced by a wide margin, and the guideline price of Yantai Wanhua stage is also reduced by a wide margin. The market expectation of insiders mostly turns to decline.

In the middle of the month, the domestic aggregate MDI market fluctuated. Although traders deliberately covered the goods, the demand was suppressed, the price increase was not successful, and the specific transaction was general. Zhou Du Baojia’s guided price was still reduced by a wide margin, the market quotation in the trade link was reduced, and the shipment was actively negotiated. With the reduction of supply in some factories and the rapid decline of market prices recently, middlemen have closed their plates and waited. In addition, the maintenance news of some enterprises broke out, and some traders intended to stir up, but there were few actual orders.

In late June, the domestic aggregate MDI market fluctuated in a narrow range, the weekly guideline price of Shanghai Kesi was increased, and the supply was too small. Other factories also released the news of stabilizing the market, maintained uniform shipment, and the arrival speed was slightly slow. At present, it is in the off-season of downstream hard bubble demand, the downstream replenishment mood is not high, and the shipment speed of traders is fast, but most transactions are at low prices.

At the end of the month, the domestic aggregate MDI market price was weak and volatile, and the high-end price transaction was weak. Affected by epidemic prevention and control, market supply, real estate policy and its own nature, terminal demand is difficult to improve, which plays little role in supporting the market price of aggregated MDI. The aggregate MDI market continued to decline.

In terms of raw materials, the price of pure benzene fell significantly. At the beginning of June, pure benzene rebounded slightly driven by the continued rise of crude oil. With the weakening of styrene and the wide decline of crude oil, bulk commodities generally weakened and the price of pure benzene fell. In the middle of the month, affected by the weakness of crude oil and styrene, pure benzene followed the decline. At the end of the month, crude oil fell in shock, the price weakened broadly, the cost support collapsed, and the price of pure benzene continued to decline.

The raw aniline Market stabilized first and then fell. In the middle of June, the raw material side both fell, and the cost side support of aniline weakened; Downstream resistance to high priced aniline increased, follow-up weakened, and the high price of aniline corrected. At the end of the month, the weakness stabilized after the broad decline of aniline, and the downstream delivery mood was general.

Comparison chart of pure benzene (upstream raw material) – polymerized MDI price trend of business society:

Comparison chart of aniline (upstream raw material) – polymerized MDI price trend of business society:

In terms of enterprises, recently, the US chemical week 2021 sustainable development award was announced, and Wanhua chemical HCI green cycle technology was shortlisted as the best cycle practice case, which was also the first time that Chinese enterprises were shortlisted for the award. The innovative HCI catalytic oxidation technology of Wanhua chemical realizes the “chlorine” from open-loop consumption to closed-loop circulation in the production of isocyanate. The technology adopts the world’s first non precious metal catalyst and fluidized bed process. After catalytic treatment under mild conditions, it is directly transformed and refined to obtain high-purity chlorine products. The process has the advantages of high reaction efficiency, green environmental protection, low investment and operation cost.

At present, the mentality of domestic aggregate MDI market is mainly empty. Raw materials fell, and traders were more bearish. The new moon listing price of the factory decreased month on month, creating a bearish atmosphere. MDI analysts of business community expect that the domestic MDI market is mainly low