since the outbreak of the new coronavirus in wuhan, the mdi market has been affected by logistics and transportation restrictions and delayed nstream resumption of work, and the market has hardly opened. the load of some production equipment was lowered. traders are not active in making offers, and nstream inquiries are scarce. after the public health emergency, most factories were unable to schedule and deliver goods, resulting in the originally planned delivery output being stranded in storage tanks, and the problem of inventory accumulation became increasingly serious.
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since the country and local governments have generally requested to postpone the resumption of work of terminal enterprise factories in various regions to after february 9 (the resumption time of various regions is subject to the notification of the local government), the intention of nstream enterprises to purchase raw materials is still limited, such as , , mainstream suppliers such as , , and japan’s have different degrees of burden reduction and parking strategies in response to possible liquidation risks. although nstream enterprises have gradually resumed work since mid-february, the demand in the mdi market is still sluggish.
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before the festival in january, some traders were optimistic about the post-holiday market and actively hoarded goods. in addition, according to the characteristics of previous purchases, most mid- and nstream companies have stocked up before the festival, so in the short term, they mostly focus on digesting stocks. if the epidemic is not significantly prevented and controlled in the near future, the demand for mdi will continue to be depressed in february. at present, most of the industry players are bearish on the market outlook. to sum up, under the impact of the new coronavirus, the mdi market is weak and trading is limited. when the market demand will recover, we still need to wait and see. tiantian chemical network will continue to pay attention to the latest developments in the mdi market.
