The recent review of the raw material market in the soft and hard foam industry

Soft foam industry

In terms of TDI, good news spreads intensively on the supply side after the holiday: Shanghai Covestro’s TDI units are operating at a reduced load, while supporting Europe, and domestic limited supply (the guide price is lowered to 19,700 yuan/ton); Mitsui suspends quotations until the end of the maintenance at the end of June; Hanwha The maintenance at the end of April is expected to be one month; the Xinjiang plant was shut down for maintenance at the beginning of this month, and it is expected to be about three weeks
.
However, there is no obvious support for the market due to the favorable supply side.
Although the low price of the market has converged, the downstream support is weak, and the quotations of middlemen are still low according to their own conditions
.
The epidemic factors continue to affect logistics transportation and downstream demand.
The transportation of goods in some areas is still hindered, and the terminal demand is insufficient.
The industry maintains the intention to ship, the actual orders are weak, and there are many low-price rumors
.

In terms of soft-foamed polyethers, the raw material cyclopropane on the first day of the Qingming Festival has increased significantly, and the downstream inventory has been exhausted, and the replenishment of just-in-demand is relatively concentrated
.
The orders of polyether factories were higher than expected, and the market trading followed up for a short period of time.
With the narrow push of cyclopropane, downstream companies' chasing high sentiment has weakened, the follow-up efforts have weakened, and factory orders have returned to flat
.

Rigid foam industry

The supply and demand of the aggregated MDI market are both suppressed
.
After returning to the market after the Ching Ming Festival, Shanghai manufacturers have reduced their burdens, and the logistics block has not been significantly improved.
They give priority to delivery and direct supply to large households, and have limited distribution and filling.
As a result, the supply of goods in Shanghai has been reduced, and the production and sales of large northern factories are generally stable.
Delivery is normal in non-epidemic areas, and individual exchanges have been heard
.
Some manufacturers of Wanhua goods and Shanghai goods offer/negotiate at the same price
.
Due to the epidemic control in East China/Shandong/Northeast China and other regions, logistics has been hindered.
The logistics of downstream manufacturers are also subject to grid management.
Unplanned burden reduction or production suspension has been heard.
Inquiries are light, and transactions are just needed
.

The rigid foam polyether market rebounded
.
Returning to the market after the Ching Ming Festival, in order to stimulate purchasing demand, the price of raw material cyclopropylene has risen, and the cost of rigid foam polyether has strengthened.
In addition, downstream manufacturers just need to replenish their positions in a moderate amount, and the market trading has recovered temporarily.
, the sentiment of downstream enterprises chasing high has weakened.
In addition, the domestic epidemic control continues to affect transportation and logistics, and the overall demand release is still limited.
The market just needs to trade mainly, downstream enterprises can purchase as needed, and the actual order of polyether plants has dropped significantly
.

At present, the market demand is weak and weak, the buying interest of downstream polyurethane manufacturers continues to be sluggish, and the trading atmosphere remains sluggish.
In addition, the logistics obstruction caused by the epidemic situation is still continuing.
The editor thinks that the raw material market may continue to have room for downside, and watch the follow-up market dynamics.

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