Beginning in May, in addition to the reduction of market quotations for chemical products, Wanhua Chemical and BASF, the leading companies in the industry, have also begun to announce product price drops one after another!
Wanhua Chemical announced that starting from May, the listing price of aggregated MDI in China will be 21,800 yuan/ton (down 1,000 yuan/ton from the price in April), and the listing price of pure MDI will be 24,800 yuan/ton (down 1,000 yuan/ton from the price in April). ), this is Wanhua Chemical's lowering of the MDI listing price for two consecutive months.
In May 2022, Shanghai BASF’s TDI listing price was 20,000 yuan/ton, a month-on-month decrease of 4,000 yuan/ton; in April 2022, the TDI settlement price was 18,000 yuan/ton, a month-on-month decrease of 1,500 yuan/ton.
Although the "white list" for resumption of work has been released, thousands of enterprises in China are struggling on the road of slow resumption of work. CFI believes that for the entire chemical industry chain, the operating rate is far from normalized, resulting in a significant drop in prices.
Beginning in May, in addition to the reduction of market quotations for chemical products, Wanhua Chemical and BASF, the leading companies in the industry, have also begun to announce product price drops one after another!
Wanhua Chemical announced that starting from May, the listing price of aggregated MDI in China will be 21,800 yuan/ton (down 1,000 yuan/ton from the price in April), and the listing price of pure MDI will be 24,800 yuan/ton (down 1,000 yuan/ton from the price in April). ), this is Wanhua Chemical's lowering of the MDI listing price for two consecutive months.
In May 2022, Shanghai BASF’s TDI listing price was 20,000 yuan/ton, a month-on-month decrease of 4,000 yuan/ton; in April 2022, the TDI settlement price was 18,000 yuan/ton, a month-on-month decrease of 1,500 yuan/ton.
Although the "white list" for resumption of work has been released, thousands of enterprises in China are struggling on the road of slow resumption of work. CFI believes that for the entire chemical industry chain, the operating rate is far from normalized, resulting in a significant drop in prices.
