The MDI market is sluggish; after the peak comes the trough

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MDI price trend: Consolidating downward. Product, Origin, Quotation: Pure MDI – Domestic/Shanghai: 22050/22050; Polymerized MDI – Domestic/Shanghai: 18500/18200. Market overview for MDI: The price of pure MDI has remained stable at a low level this week. Wanhua announced a settlement price of 22,300 yuan per ton for April, with a listed price of 23,000 yuan per ton for May; there is a discount of 30 yuan per ton for payments by wire transfer, resulting in relatively low prices. Traders’ quotes remain stable; discussions on shipments are ongoing, but demand from downstream buyers is low ahead of the holiday, resulting in sluggish trading and little enthusiasm for further action. The price of polymeric MDI declined this week. From May 1st to 10th, Wanhua Chemical offers the product at a fixed price of 19,600 yuan per ton, with discounts available. Traders are clearly reluctant to ship goods, with only a few downstream buyers with genuine demand engaging in discussions; overall, the trading atmosphere is sluggish.