Tightening supply, aggregated MDI prices stop falling and rebound

According to the Commodity Market Analysis System of Shengyi Society, the aggregated MDI market has recently stopped falling and risen. Currently, the mainstream price for Shanghai goods (44V20, M20S, 5005) is 14800-15000 yuan/ton, and the mainstream price for domestic goods (PM200) is 15200-15800 yuan/ton. Boosted by news of major manufacturers’ lockdowns, sales restrictions, and maintenance plans, the supply side actively pushed up prices, downstream sentiment entered the market, and intermediaries bought inventory at low prices. The current high import costs and tight supply are expected to lead to a strong performance of the aggregated MDI market in the short term.