Asian MDI Market Showed A Weakening Trend In January

Asian MDI market, affected by oversupply, has a weakening trend in January. At the beginning of next year, more products of MDI / 20000 tons will be launched in Japan. The weak downstream demand will lead to a weaker market in January. Due to the coming of the off-season of refrigerators and insulation materials, some Japanese traders said that the market of polymerized MDI also has downward pressure, and it will enter the peak season in early March next year. At the end of March, the shoe industry and synthetic leather industry will have a start, while in January, the pure MDI market is difficult to get better. Regional manufacturers prices remain firm, although the buyer's interest is low, but the current price is still difficult to decline significantly. This week, Asian manufacturers' prices remained stable. In the current off-season demand, some traders said that lowering the price would not make the transaction a good performance. Most people adopted the method of stabilizing the price. Aggregate MDI offers us $2650 / T CFR (including freight) in China, while pure MDI is at US $2800-2850 / T CFR Northeast Asia price, December shipment. Affected by demand, transactions are rare. Some MDI manufacturers said that it was too early to say the market trend at this time, after all, there are many uncertain factors in the market. The price will decline with the full operation of new devices, but unexpected device failures will also affect the balance of supply and demand in the market. At present, the inventory of Chinese manufacturers is low, and the intention of replenishment is large at the beginning of next year, so the demand may be better than expected.