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On August 15, the mainstream negotiation price of the domestic aggregated MDI market was 13,000 to 14,200 yuan (ton price, the same below), which was 300 yuan lower than the starting point of this rising market
.
tight supply
tight supply"In late July, Covestro declared force majeure on the supply of all MDI series products in Europe, the Middle East and Africa, and in August it had an annual overhaul plan, which disrupted the original inventory plan, resulting in low inventory levels.
For this reason, many suppliers in North Africa and Southeast Asia have closed their offers and are bullish.
MDI devices have the characteristics of high barriers and high investment
.
"Due to the easing of the foreign epidemic and the rapid rise in MDI prices, the supply of Dow and South Korea's goods has flowed to Europe, and the supply of domestic imports has decreased
.
Stir up the atmosphere
Stir up the atmosphere"MDI belongs to an oligopolistic industry, and the rise and fall of products basically does not depend on raw materials, but mainly depends on the market supply and demand game
.
"MDI belongs to an oligopolistic industry, and the rise and fall of products basically does not depend on raw materials, but mainly depends on the market supply and demand game
.
Wanhua Chemical is the largest MDI manufacturer in the Asia-Pacific region, with a designed MDI production capacity of 2.
3 million tons per year and an annual operating capacity of 1.
8 million tons, accounting for 22.
5% of the global production capacity and 58% of the domestic production capacity, ranking first
.
"Suppliers' news is to stimulate the market, the purpose is to stabilize the market and stop the decline, and at the same time consume downstream inventory in this way, thereby strengthening the supplier's right to speak in the later stage
.
Downstream demand is improving
Downstream demand is improvingPolymeric MDI is widely used in the production of rigid polyurethane foam products
.
Under normal circumstances, 1 ton of rigid polyurethane foam requires 1 ton of polymeric MDI and 0.
3 ton of F141B foaming agent
.
"On August 15th, the trading rhythm of F141B foaming agent in North China and Shandong did not change on demand.
The reference price of barreled self-pickup or delivery was 24,000 to 25,000 yuan, which was unchanged from the previous period
.
The cost of rigid foam polyether is still supported.
Strong, in the absence of sufficient raw material inventory, the company still has some rigid needs to purchase, and it is expected that the short-term hard foam market will continue to follow the possibility of a slight increase in raw material inventory
.
" Zheng Nan said
.
From the downstream point of view, refrigerators and freezers are the largest consumer market of aggregated MDI, accounting for about 58% of the total consumption
.
With the easing of foreign epidemics and the gradual release of accumulated foreign trade export orders, the export market of refrigerators and freezers is currently improving
.
The customers of large domestic refrigerator and freezer manufacturers are basically direct suppliers, and the production and sales have been maintained well
.
Beginning in August, the external wall and pipe insulation materials will also enter the traditional peak season, and the demand will increase, which is expected to support the rise of the MDI market
.
