According to the Commodity Market Analysis System of Shengyi Society, from January 13th to 17th, the domestic aggregated MDI market operated relatively strongly, with an average price of 18233 yuan/ton at the beginning of the week and 18283 yuan/ton at the end of the week, an increase of 0.27% during the period and a year-on-year increase of 16.45%. The domestic aggregated MDI market saw a slight increase during the week, with ASEAN Wanhua MDI and Wanhua TDI prices set to rise by $200/ton. Boosted by news, the domestic MDI market saw a slight increase, with downstream demand entering the market and mainstream factories prioritizing export orders.
| Gamma-PGA (gamma polyglutamic acid) |
On the supply side, domestic facilities are maintaining stable operation. The 410000 ton/year facility in Jinhu, South Korea is scheduled to undergo maintenance starting from February 9th, lasting for about a month.
On the cost side, raw material pure benzene: Recently, the pure benzene market has seen a slight increase. As of January 17th, the benchmark price of pure benzene in Shengyi Society is 7531 yuan/ton. Raw material aniline: Currently, the domestic aniline market is stable. As of January 17th, the benchmark price of aniline in Shengyi Society is 9075 yuan/ton. The overall impact of aggregating MDI costs is relatively small.
On the demand side, downstream demand is following steadily, and the export market is performing well. As the holiday approaches and logistics is about to shut down, there are more concentrated deliveries.
Future forecast: The current trend of the aggregated MDI market is strong, with slow filling of goods sources and low inventory levels in the market. It is expected that the aggregated MDI market will operate strongly.
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