Third-quarter domestic polymerization MDI market continued to decline more and less trend, and throughout the four quarter market impact factors, the market is still difficult to optimistic, the market is expected to four quarters of the overall supply and demand is difficult to optimistic, low-end domestic market price or expected to explore the low.
Supply Surface: The overall supply pattern changes in 2018, the overall supply of the market increased. 2018 Shanghai Lian Heng Two new investment 240,000 tons of MDI plant, Wanhua, Shanghai Si Chuang has new plans, market rumors Wanhua Yantai its MDI plant production capacity from the previous 600,000 tons of expansion to 1 million tons, but Wanhua manufacturers did not publish, the news is not known, the Shanghai Science and Innovation Program production capacity from 500,000 tons to 600,000 tons, At present, there is no definite time, coupled with the Dow Saudi supply of imports, overall, the 2018 market overall supply pattern changes significantly, the overall supply increase. According to Zhuo Chong understand, Wanhua Ningbo 1.2 million tons of equipment in the four quarter has a parking overhaul plan, BASF Chongqing 400,000 tons of equipment four quarterly overhaul plan, Shanghai Lian Heng and Shanghai Si Chuang MDI unit four quarter also has a parking overhaul plan, but there is no definite time. According to the manufacturer's practice, the factory will generally be ready for parking before maintenance, will not affect the overall supply.
Four quarters of the market as a whole supply surface is now more relaxed, market News said, Wanhua manufacturers at present inventory pressure is larger, and Shanghai several major manufacturers supply surface will also be supplied according to the plan, coupled with the import of Dow supply, four quarters of the overall market will not be nervous.
Demand side: Four quarter the overall demand surface is difficult to optimistic October external wall, pipeline insulation industry belongs to the end stage, into the November, with the arrival of heating season, the demand of these two industries is basically over, and the refrigerator industry to open, the overall macroeconomic surface is not optimistic, coupled with the impact of Sino-US friction, the four-quarter refrigerator industry overall will not be optimistic;
Overall market demand will be lower in the four quarters. Market mentality: Domestic manufacturers increasingly fierce competition, wanhua manufacturers experienced a large six-year limited shipping policy, 2018 years of overall sales pressure still exist, fourth-quarter shipments or increase, and other manufacturers under its pressure will be the same positive shipments.
Traders overall mentality is more cautious, the overall confidence in the market is insufficient, and downstream factory procurement attitude is not active small single procurement-oriented.
Overall, the four-quarter supply and demand side factors are not optimistic, is expected in the four-quarter domestic MDI market overall difficult optimism, low-end price or expected to explore the low. Converged MDI: Four quarter the market is still hard to be optimistic
