IPDI Market will Bounce Back in H2 Though it Remained Sluggish in H1
2018-07-31    [Source:PUdaily]
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PUdaily, Shanghai-- The first half of 2018 has passed. In the first half, the IPDI market remained quite sluggish. During this period, although Wanhua’s IPDI supply to the market decreased, the overall inventories in the industry were high due to the manufacturer’s high inventories plus the significant increase in imports. In the context, downstream demands were limited. This resulted in slow sales of goods and fierce competition among manufacturers. At the end of June, the price of imported goods fell to approach the cost. In the first half of the year, the IPDI price was on a downward trajectory. The market opened at RMB 71,200/ton at the beginning of the year, and closed at RMB 64,160/ton in the mid-year, down RMB 8600/ton, or 12.1%...
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