It is reported that the domestic polymeric MDI market fluctuated little yesterday (December 8), and brokers’ offers were mostly stable today.
On November 28, Wanhua PM200 in the East China market was quoted at 20,500 yuan/ton, and the Shanghai supply was around 20,000 yuan/ton; in the South China and North China markets, Wanhua PM200 and Shanghai The price of goods is 20,000-20,500 yuan/ton. It is expected that the market will mainly wait and see in the short term, with limited market fluctuations.
On December 6, East China Wanhua PM200 was quoted at 19500-19700 yuan/ton, Shanghai supply was 19100-19300 yuan/ton; North China PM200 was quoted at 19600-19800 Yuan/ton, Shanghai goods 19200-19300 yuan/ton. The market is expected to be weak and consolidate during the week.
At present, Ningbo Wanhua’s 400,000 tons/year MDI plant is about to be shut down for maintenance. The market supply is expected to tighten in the future. The current mentality of middlemen has improved and they are reluctant to sell at low prices. Market inquiries have increased compared with before. In the East China and South China market, Wanhua PM200 is quoted at 19,500-19,700 yuan/ton, and Shanghai goods are quoted at 19,200-19,300 yuan/ton; in the North China market, the mainstream quote is slightly higher due to tight supply, with Wanhua PM200 quoted at 20,000-20,200 yuan/ton. Yuan/ton, Shanghai goods are 19,400-19,500 yuan/ton.
It is expected that market fluctuations will be limited during the week and the narrow range consolidation pattern will mainly continue.
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