Aggregated MDI market is weak in the off-season and is hard to change

Entering April, the aggregated MDI market fell slightly

Looking at the market outlook, due to the lack of demand in the off-season and the logistics obstruction caused by the impact of the epidemic, the aggregated MDI market may be dominated by weak consolidation

The market is stable and small

Pan Jinsong, a professor-level senior engineer at the Shandong Institute of Industry and Information Technology, introduced that the domestic aggregated MDI market trend in March showed a "W" shape, with many adjustments to device load and listing prices, and various logistics and other factors caused by the spread of the epidemic.

It is understood that due to the impact of the epidemic, the bulk water truck transportation of the MDI factories in Shanghai has basically maintained a small amount of shipments; it is slightly difficult for the barrels of goods to be shipped directly to the factory

From the perspective of supply, domestic MDI devices are all operating normally, and there is no maintenance plan for manufacturers

In the short term, the supply pattern of the domestic market is basically stable.

Little change in cost

From the perspective of upstream raw materials, the pure benzene market rose and fell

　　Domestic pure benzene overhaul devices have increased, production has decreased, and due to the impact of the expected reduction in shipments arriving in April, the overall supply of pure benzene has decreased overall

　　In terms of demand, the main downstream styrene is still expected to stop, and the demand for pure benzene may continue to decline

　　The cost has not changed much, and the profit margin of aggregated MDI is relatively stable.

　　"From the perspective of the market outlook, both supply and demand of pure benzene have decreased.

　　Demand is in the off-season

　　From the perspective of the downstream rigid foam polyether market, the market fluctuated within a narrow range, the price of liquid chlorine after the holiday rose within a narrow range, the cost support of propylene oxide became stronger, the downstream just-needed nodes made up an appropriate amount, the market trading atmosphere recovered, and the price followed the raw material within a narrow range rose, but the downstream companies' chasing high sentiment weakened

　　From the perspective of raw materials, the current domestic propylene oxide market, the demand side has slightly improved and then turned weak, and the overall trading atmosphere of the market is still deserted; the cost side fluctuates in a narrow range, and the profit of the chlorohydrin method is squeezed and almost runs close to the cost line.

　　From the perspective of the supply side, some manufacturers are showing signs of negative growth, and the overall start-up of the industry has not changed much

　　Pan Jinsong said that in the short-term, there have been clusters of epidemics in many places in China, petrochemical enterprises in some areas have temporarily reduced production and stopped production, logistics and transportation are not smooth, and the delivery cycle has been prolonged, resulting in a decline in the stability of the upstream and downstream industry chains

　　Looking at the market outlook, if the international oil price and the international situation continue to be tense, the willingness and demand of large manufacturers to control the market will exist, and exports are expected to continue to be the support point