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China Monomeric MDI Weekly Report Sample
May 11, 2022    [Source:PUdaily]

Weekly Market Overview

China pure MDI market remained sluggish both in supply and demand, running weakly and steadily. In terms of supply, the problem of blocked shipments in Shanghai still existed, resulting in a tight supply of goods in drums in the distribution market and fewer orders. In the first half of the week, traders' offers rose slightly, and downstream inquiries and buying intentions were flat. After that, the market weakened again and offers fell slightly. In the secondary market, shipments were more active, and the negotiated prices were low. This week, China’s pure MDI market showed a weak stability as a whole, with slight fluctuations. In terms of demand, the operating rate of sole resin manufacturers rebounded slightly, but the overall industry was still affected by the epidemic and the outflow of some orders. The low order-taking ability and seasonal factors resulted in greater inventory pressure, and the demand for raw materials was significantly limited in the short term. The operation rate of PU resin manufacturers in Jiangsu and Zhejiang Provinces remained around 50%, and the demand for pure MDI kept weak. Demand from major spandex manufacturers remained stable, and deliveries were made according to contracts. As of April 29, mainstream reference offers for pure MDI in China are around CNY 21,600-22,200/ton, basically the same as the same period last week.

As of May 6, mainstream reference offers for pure MDI in China are around CNY 21,300-22,200/ton, decreasing by CNY 200 - 300/ton relatively from April 29.

Table 1 Price Comparison of Pure MDI Between Weeks in China (CNY/ton, USD/ton CIF China, drum)
Region
29th April
22nd April
Change
East China
21,600-22,200
21,600-22,200
0, 0
South China
21,600-22,500
21,600-22,200
0, 300
North China
21,600-22,300
21,600-22,200
0, 100
Imported *
2,660-2,660
2,800-2,800
-140, -140

USD/ton, CIF China

 

Click here for a sample:

userfiles/China Pure MDI Weekly Report Sample.pdf

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