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2022-11-08 14:43:33[Biz info] SunSirs: Domestic MDI Market Fell Deeply According to the sample data monitored by SunSirs, from October 31 to November 7, the market price of domestic MDI fell from 15,000 RMB/ton to 14,350 RMB/ton, with a decline of 4.33% in the week, 12.82% month on month and 28.84% year on year.
Analysis review
The domestic MDI market declined deeply, and the decline was too large. Some traders did not make external quotations temporarily. The trading atmosphere was weak, and the future market would be hardly optimistic. The main reason for the price decline was that the demand was poor, and the mainstream manufacturers had significantly lowered the market guidance price.
Raw material pure benzene: The price of domestic pure benzene market continued to fall, and Sinopec's pure benzene was listed twice and lowered by 450 RMB/ton to 7,200 RMB/ton. East China spot traded at 6,800-7,380 RMB/ton, and Shandong market traded at 7,000-7,480 RMB/ton.
Aniline: SunSirs monitored that the domestic aniline market was sort out at a high level. The price at the beginning of the week was 1,700 RMB/ton, and at the weekend was 14,626 RMB/ton, with a decrease of 0.50% during the cycle.
Market outlook
The atmosphere of receiving orders of the downstream weakened, and traders were not active in buying goods. SunSirs’ MDI analysts predict that the domestic MDI market may continue to decline.#MDI# #benzene# #aniline#
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ceshi1123 : ?reply2023-03-21 13:48:53
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cococixi Reply ceshi1123 : ????
2023-03-21 13:49:06
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Started in the year 2009, SunSirs is a well-diversified market intelligent company in China & Aboard, offering an integrated price, news and research sharing platform in bulk commodities. SunSirs believes in growing with its clients step by step and create mutual beneficial relationship. It’s about having a firm step to go that extra mile and it’s about making customers and cooperators as a part of community. At SunSirs, we provide an integrated internet platform of benchmark prices, analysis, news, consulting and conferences across 8 vital industries in China, including energy, chemical, rubber and plastics, non-ferrous metals, steel, textile, building materials and agricultural and sideline sectors. Headquartered in Hangzhou and subsided in pan China presence, we have extensive network and deep-rooted relationships in China manufacturers, wholesalers and retailers. With overseas offices in the US, the Netherlands, Korean and the well-built sales network, we serve our customers in the global metal ecosystem. At SunSirs, we help you ‘Access to Real China Market’ from a global perspective. Our Chinese version SunSirs (100ppi.com) has the largest number of commodities in China even in global. It is highly systematic, standard and easy to read. Also, our company has succeeded in predicting the economy’s turning points many time, which is around half month earlier than HSBC’s PMI. It indicates that SunSirs Index steps in the mature stage. SunSirs Index is the leading and authority economic measure of micro and macro economy, and widely applied by financial institutions, researchers, manufactures and individual investors. -
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