AA

The domestic adipic acid market has been experiencing a narrow downward trend, with an overall subdued market atmosphere. Downstream inquiries are generally moderate, and buyers are primarily focused on securing supplies for immediate needs. Traders are in a pessimistic mood. Quotations from the East China, North China, and South China regions have all shown downward fluctuations. It is expected that the adipic acid market will remain weak and consolidate in the near term.

DMF

The domestic DMF market is consolidating and remaining in a wait-and-see mode. Factory quotes remain stable for now, while intermediaries and downstream buyers are cautious about entering the market, largely waiting to see how the LuXi Chemical plant’s operations will resume. Trading volumes within the market remain limited. The raw material methanol continues its downward trend, and cost factors also point toward a bearish outlook. We expect the domestic DMF market to remain weak in the short term.

PO

The domestic propylene oxide market has halted its downward trend and is now stabilizing temporarily. On the cost side, liquid chlorine prices continue to rise slightly, providing strong cost support. Downstream polyether buyers remain enthusiastic about purchasing today, and inventories at PO’s major production plants have largely been absorbed and shifted. With both costs and demand showing positive signs, the market has essentially stopped falling and is stabilizing for now. However, new orders for polyether have already declined compared to yesterday. Further attention needs to be paid to whether downstream demand can sustain its momentum. In the short term, the market is likely to remain in a wait-and-see range.

PPG

The domestic polyether market is consolidating within a narrow range. Raw material PO prices have stopped falling and are currently stable. Polyether manufacturers are holding their quotes steady and actively taking orders. Some downstream buyers are replenishing their inventories at lower prices. However, new order volumes from mainstream manufacturers have decreased compared to yesterday, and overall the continuity of new orders remains limited. Certain imported supplies are tight and priced at high levels. Currently, raw material PO inventory is stabilizing without significant pressure. In the short term, the domestic polyether market is expected to continue its narrow-range consolidation with active deliveries. We will continue to closely monitor the trend of raw material PO prices and the order situation at manufacturers.

Pure MDI

The domestic pure MDI market remains in a stalemate, with a still-weak market atmosphere and sluggish transaction activity. Driven by rising costs, suppliers are temporarily maintaining firm price quotes. It is expected that the domestic pure MDI market will continue to fluctuate and consolidate in the short term. 。

Polymerized MDI

The domestic polymeric MDI market is experiencing weak, volatile trading conditions. Buying interest within the market remains sluggish, and transaction volumes are lagging behind. Most traders are holding onto their inventories tightly and keeping their quotes relatively stable for now, while a small number of traders are taking profits and exiting positions. It is expected that, in the short term, the domestic polymeric MDI market will continue to fluctuate within a narrow range.

TDI

The domestic TDI market is showing a steady yet weakening trend, with an overall subdued atmosphere persisting in the market. Downstream buyers remain reluctant to enter the market, resulting in very few transactions. Market participants generally have a pessimistic outlook, and negotiations for sales are focused on lower prices. The trading center of gravity has shifted slightly downward. It is expected that, in the short term, the domestic TDI market will continue to fluctuate weakly.

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