Price Trend
According to the price monitoring of business associations, as of March 26, the average price of domestic aggregated MDI market was 16700 yuan/ton, and the overall market price rose sharply.
| Magnesium Sulphate |
II. Market Analysis
Products: Domestic aggregated MDI market prices continue to rise. At the beginning of the week, the news from all sides was light, and the offer was not clear and cautious. With the announcement of the increase of Koth’s guidance price, the mindset of the dealers has been boosted. Some of the dealers are short of cash and offer high. Downstream just need inquiry, active picking. Routine overhaul of manufacturers is common in the second quarter, coupled with frequent problems in Jinhu and Dongcao devices abroad, Wanhua and Basf are likely to rise in April, and the market price of aggregated MDI will continue to rise in the short term.
On the market side, South China has aggregated the high price of MDI market. Dealers quote high prices, downstream active inquiries on demand procurement, general turnover. Towards the end of the month, we will pay more attention to the price guidance of manufacturers. The price of aggregated MDI in North China continued to rise. On-site speculation is booming, dealers offer high prices, downstream just need to actively inquire, wait and see Wanhua and Basf manufacturers guide prices. High-level consolidation of aggregated MDI prices in East China. Eastern China is not affected by the northern speculation atmosphere. Distributors are cautious in quoting prices, accompanied by shipments, downstream inquiry atmosphere is general, and the manufacturers’guidance prices are on the lookout.
| sulphamic acid |
Industry chain: raw materials, pure benzene: East China pure benzene purchase is scarce, considering the value-added tax changes in April, the mentality of wait-and-see. Spot purchases refer to 4600-4650 yuan/ton, selling 4800 yuan/ton. Purchase price in April is 4600-4650 yuan/ton and sale price is 4750-4800 yuan/ton. May buy 4600-4650 yuan/ton, sell 4800-4850 yuan/ton. Aniline: Lanzhou Petrochemical Company stopped for maintenance on March 22, with a plan of about 15 days. Shandong market inventory is low, downstream receipt intention is still acceptable, Shandong factory price rise led to aniline Market rise. At present, the domestic aniline market digests the main increase, and the price is stable. Shandong mainstream negotiation price refers to 5900-5920 yuan/ton spot, 6040-6060 yuan/ton acceptance. East China market reference 6100 yuan/ton acceptance.
3. Future Market Forecast
Business Cooperative Viewpoint: On the positive side, Huntsman raised 1000 yuan/ton to 16200 yuan/ton in April; Wanhua had less supply to the distribution market in the second half of the month; Costco raised its new price by 900 yuan/ton to 15800 yuan/ton this week; and factory overhaul was concentrated in April. On the negative side, the downstream demand has just rebounded slowly; foaming agent 141B has risen sharply and the cost level has moved up, which indirectly affects the demand for MDI at the terminal. MDI analysts at business associations predict that aggregated MDI market prices will continue to rise in the short term.
| Sulfamic acid |