According to the Commodity Market Analysis System of Shengyi Society, from May 12th to 16th, the domestic aggregated MDI market rose strongly, with an average price of 15816 yuan/ton at the beginning of the week and 16550 yuan/ton at the end of the week, an increase of 6.64% during the period and a year-on-year decrease of 4.7%. The number of maintenance companies increased during the week, and the speed of filling goods slowed down. The latest tariff policy has been introduced, which is favorable for the bulk commodity market. The trading atmosphere inside the venue has heated up. Low price reluctance to sell, and the price of aggregated MDI tends to rise strongly.
On the supply side, the 1.2 million tons/year MDI plant of Wanhua Ningbo in China began rotating between two sets of plants on March 20th, while other plants were running smoothly. BASF and Huntsman have maintenance plans in May. The 70000 ton/year MDI plant in Tosa, Japan will undergo maintenance and overhaul in early May, with a duration of approximately 40 days; The 130000 tons/year MDI plant will be shut down for maintenance in mid May, with a duration of approximately 40 days. The 200000 ton/year MDI plant in Jinhu, South Korea is scheduled to be shut down for maintenance at the end of May, with a duration of approximately one month.

On the cost side, raw materials such as pure benzene and aniline have experienced varying degrees of increase due to the macro impact of tariff policies. Among them, pure benzene rose by as much as 9.2% this week, while aniline rose by as much as 7.36%.
On the demand side, downstream demand is in urgent need of support, and with favorable export policies, there has been an increase in export inquiries, creating a favorable trading atmosphere.
Future forecast: The supply side of the current aggregated MDI market will continue to be tight, and it is expected that the aggregated MDI market will maintain a strong trend in the short term. We will closely monitor the progress of enterprise maintenance and changes in market supply and demand.