PU market conditions
Release time:
30 Oct,2019
The domestic adipic acid market has edged lower, with overall trading activity remaining subdued. Downstream inquiries are moderate, and purchases are driven primarily by immediate needs. Traders remain cautious, and offers across East, North, and South China have all softened. The market is expected to consolidate on the weak side in the near term.
market | Yesterday’s closing price | Today's price forecast |
East China | 7950-8150 (Acceptance) | 7950-8150 (Acceptance) |
DMF
The domestic DMF market is consolidating amid a wait-and-see approach. Factory quotes remain stable for now, while traders and downstream users are cautious, largely awaiting updates on the operating status of Luxi Chemical’s plant. Spot supply in the market is limited. Raw material methanol continues to decline, keeping cost support weak. The domestic DMF market is expected to trend lower in the near term.
market | Yesterday’s closing price | Today's price forecast |
Jiangsu | 5550-5600 | 5550-5600 |
Zhejiang | 5600-5750 | 5600-5750 |
Guangdong | 5750-5900 | 5750-5800 |
Shandong | 5300 | 5300 |
PO
The domestic propylene oxide market has halted its decline and stabilized for now. Liquid chlorine prices, a key cost input, continue to edge up, providing solid cost support. Downstream polyether producers remain active in purchasing today, and inventories at major PO plants have largely been depleted and shifted. With both costs and demand improving, the market has essentially stopped falling and is holding steady. However, new polyether orders have already softened compared with yesterday; it remains to be seen whether downstream demand can sustain momentum. In the short term, the market is likely to trade in a range as participants adopt a wait-and-see approach.
market | Yesterday’s closing price | Today's price forecast |
Shandong and North China | 9650-9800 (Cash) | 9650-9800 (Cash) |
East China | 9900-10000 (Cash remittance) | 9900-10000 (Cash remittance) |
PPG
The domestic polyether market is trading in a narrow range. With propylene oxide (PO) prices halting their decline and stabilizing, polyether producers are keeping quotes steady and actively taking orders; some downstream users are replenishing inventories on dips. However, new order intake at major plants has decreased compared with yesterday, limiting the sustainability of overall fresh orders. Certain imported supplies remain tight and priced at a premium. Currently, PO inventories are easing pressure and stabilizing. In the near term, the domestic polyether market is expected to trade in a narrow range with proactive deliveries; continued attention should be paid to PO price trends and plant order books.
Standard flexible foam | Yesterday’s closing price | Today's price forecast |
Shandong and North China | 10100-10350 | 10100-10350 |
East China | 10300-10900 | 10300-10900 |
Pure MDI
The domestic pure MDI market remains stagnant, with weak overall sentiment and sluggish follow-up trading. Supported by rising costs, suppliers are keeping their quotes firm for now. In the near term, the domestic pure MDI market is expected to trade in a choppy, consolidating range. 。
market | Yesterday’s closing price | Today's price forecast |
domestic Mainstream | 17500-18000 (Bottled) | 17500-18000 (Bottled) |
Polymeric methylene diphenyl diisocyanate (pMDI)
The domestic polymeric MDI market is weak and fluctuating, with market buying interest remaining sluggish and trading lacking follow-through. Most participants are holding inventories tightly and keeping offers temporarily steady, while a few are cashing in. In the short term, the domestic polymeric MDI market is expected to trade within a narrow range.
market | Yesterday’s closing price | Today's price forecast | |
East China | Wanhua listed price 16500 | ||
Shanghai goods 11900-12000 | Shanghai goods 11900-12000 |
TDI
The domestic TDI market has been weakening amid overall stability, with persistently subdued trading activity. Downstream buyers remain reluctant to enter the market, resulting in sparse transactions. Market participants are generally pessimistic, engaging in price negotiations to offload inventory, and the focus of trading has shifted slightly lower. In the near term, the domestic TDI market is expected to experience weak, choppy fluctuations.
market | Yesterday’s closing price | Today's price forecast |
East China | Domestic goods 12800-12900 | Domestic goods 12800-12900 |
Bayer and BASF products 13000-13100 | Shanghai goods 13000-13100 |
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