February 4th News
It is reported that Kumho of South Korea has issued its latest offer for polymeric MDI in China at USD 1,700/ton CIF. Pure MDI is currently suspended from quotation, while liquefied MDI is offered at USD 2,200/ton CIF.
Chempricehub Analysis:
- Polymeric MDI, Bull-Bear Score: 0
The latest offer of USD 1,700/ton CIF indicates normal supplier pricing, aligning with market expectations and showing no significant signals of supply-demand changes. Spot prices are expected to remain stable, with supply-demand balance largely unaffected, maintaining a neutral outlook.
- Pure MDI, Bull-Bear Score: 1
The suspension of quotations suggests suppliers have temporarily halted offers, possibly reflecting short-term supply tightness or expectations of price increases, thereby increasing procurement pressure for buyers. This supports upward momentum in spot prices and reinforces bullish market sentiment, generally seen as favorable.
- Liquefied MDI, Bull-Bear Score: 0
The offer of USD 2,200/ton CIF indicates normal market supply with no abnormal fluctuations. The price level aligns with current trends, and spot prices are expected to remain stable, with no significant changes in supply-demand fundamentals, resulting in a neutral impact.