Largest increase of the year! Wanhua Chemical announced a price cut

On November 30, Wanhua Chemical Group Co.
, Ltd.
announced that it will reduce the price of MDI in China in December 2022, of which the listed price of polymerization MDI in China is 16,800 yuan / ton (1,000 yuan / ton lower than the price in November); The listed price of pure MDI is 20,000 yuan / ton (3,000 yuan / ton lower than the price in November).

Pure MDI is the lowest quotation since 2022, down 34%
from the highest quotation of 26,800 yuan / ton in March.

MDI price of Wanhua Chemical from January to December 2022

January: aggregate MDI 21,500 yuan/ton (no change compared with December 2021);

Pure MDI 22,500 yuan/ton (1,300 yuan/ton lower than the December 2021 price);

February: aggregate MDI 22800 yuan/ton; Pure MDI 23800 yuan/ton;

March: aggregate MDI 22800 yuan/ton; Pure MDI 26800 yuan/ton;

April: aggregate MDI 22800 yuan/ton; Pure MDI 25800 yuan/ton;

May: aggregate MDI 21800 yuan/ton; Pure MDI 24800 yuan / ton
.

June: aggregate MDI 19800 yuan/ton; Pure MDI 22800 yuan/ton
.

July: aggregate MDI 19800 yuan/ton; Pure MDI 23800 yuan/ton
.

August: aggregate MDI 18500 yuan/ton; Pure MDI 22300 yuan/ton
.

September: aggregate MDI 17500 yuan/ton; Pure MDI 21000 yuan/ton
.

October: aggregate MDI 19800 yuan/ton; Pure MDI 23,000 yuan/ton
.

November: aggregate MDI 17800 yuan/ton; Pure MDI 23,000 yuan/ton
.

December: aggregate MDI 16800 yuan/ton; Pure MDI 20,000 yuan/ton
.

MDI and TDI equipment resumed production

On October 11, Wanhua Chemical Yantai Industrial Park's MDI plant (1.
1 million tons/year) and TDI plant (300,000 tons/year) began to stop production and maintenance
.
On November 30, Wanhua Chemical issued an announcement that the maintenance of the above-mentioned equipment in the company's Yantai Industrial Park has been completed and production
has resumed.

Fujian's 400,000 tons/year MDI plant will soon be put into operation

On November 14, Wanhua Chemical said at the third quarter of 2022 results briefing held at the Shanghai Securities Roadshow Center: At the end of the fourth quarter of this year, Wanhua Fujian's 400,000 tons/year MDI plant is planned to be put into operation, and the company will have four MDI production bases
in Yantai, Ningbo, Fujian and Hungary.
In addition, the MDI separation unit under construction in Ningxia is mainly aimed at being close to the local market, serving the needs of western downstream spandex, building energy conservation and other industries, and is expected to be put into operation
at the end of next year.