After a sharp rise in February, the domestic aggregate MDI market went down all the way in March. According to the sample data monitored by the business community, the domestic aggregate MDI market price was 27100 yuan / ton at the beginning of the month and 22152 yuan / ton at the end of the month, with a decrease of 18.36% in the month and a year-on-year increase of 88.30%.

As of April 2, domestic aggregate MDI market summary:

Region, Wanhua goods, Shanghai goods

South China: 19300-19800 yuan / ton 19300-19800 yuan / ton

In East China, the price is about 19800 yuan / ton, 19300-19500 yuan / ton

About 19 800 yuan / ton in North China and 19300-19 500 yuan / ton in North China

The main reason for the sharp decline of the market in March is the lack of demand and motivation. In March, mainstream manufacturers held a stable price for plug-in, and there was little information on the supply side of the whole month, which was of little significance to the market. In terms of traders, they still maintained a high level at the beginning of the month. However, there was strong resistance in the lower reaches, and there were few high-level transactions. Traders gradually change their mindset, turn to low price volume, let the price shipping, for a time, the price market is slightly chaotic. Towards the end of the month, most of the mainstream manufacturers lowered the price of plug-in, and the domestic aggregate MDI market fell into a downturn as a whole.

In terms of enterprises, the one-off price of aggregate MDI in Wanhua chemical distribution market from April 1 to 10 is 24500 yuan / ton; the listing price of direct supply in April is 25500 yuan / ton, which is 2500 yuan / ton lower than that in March, and the settlement price in March is 24300 yuan / ton (barreled acceptance). In April 2021, Shanghai Huntsman aggregate MDI listed 28000 yuan / ton in the distribution market, which was stable compared with March. The settlement price in March is 25000 yuan / ton (acceptance). The listing price of aggregate MDI in BASF distribution market in April 2021 was 26000 yuan / ton, which was 3000 yuan / ton lower than that in March. The settlement price in March is 24000 yuan / ton.

In the future, at present, many units of domestic polymerization MDI production enterprises are operating normally, individual operating rate is low, and the overall social inventory is on the high side. At the end of February, we heard the good news, and the export will be greatly opened, but there is no news in March. In the short term, business community aggregation MDI analysts expect that the domestic aggregation MDI market is mainly in the doldrums.