It is reported that Kumho of South Korea has quoted the latest price for polymeric MDI in China at USD 1,700/ton CIF. Pure MDI is currently suspended from quotation, while liquid MDI is quoted at USD 2,200/ton CIF.
PriceSeek Analysis:
Polymeric MDI, Bull-Bear Score: 0
The latest quotation 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 no notable impact on supply-demand balance, maintaining a neutral outlook.
Pure MDI, Bull-Bear Score: 1
The suspension of quotations suggests suppliers have temporarily halted pricing, possibly reflecting short-term supply tightness or expectations of price increases, increasing procurement pressure for buyers. This supports upward momentum in spot prices and reinforces bullish market sentiment, generally viewed as favorable.
Liquid MDI, Bull-Bear Score: 0
The quotation 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, maintaining a neutral impact.
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