Overhauls in the second half of the year have begun, and a large number of overhauls are concentrated in July-August, and raw material inventories have begun to shrink. In addition, some major raw material manufacturers issued force majeure announcements, which aggravated the tight market inventory.

Discontinued! Wanhua maintenance, BASF, Covestro and other force majeure!

Wanhua Chemical issued a production suspension announcement on July 6, announcing that it will start production and maintenance on July 10, and the maintenance is expected to be 25 days.

In addition, there are many MDI faucet devices that have fallen into force majeure and shutdown for maintenance.

▶Covestro: on July 2 announced force majeure of 420,000 tons/year MDI device in Germany, 330,000 tons/year MDI in the United States and other products;

▶Huntsman: It has been inspected and repaired many times from March to June, and currently most of the installations at home and abroad are parked;

▶The MDI devices of BASF, Dow, Tosoh, Ruian and other major plants were overhauled and stopped production.

Wanhua Chemical, BASF, Huntsman, Covestro, and Dow account for 90% of the global MDI production capacity. Now these leading devices are in abnormal dynamics, and all have stopped production and stopped production. Production has dropped significantly. The MDI market has been strongly volatile. Market prices have risen one after another. As the downstream just needs to follow up, holders push up, and the single-day quotation will rise by 100-350 yuan/ton. It is expected that MDI will mainly rise in the second half of the year.

The giants have raised their sentiments! The gains in the third quarter can be expected!
The suspension of production and maintenance of major factories has continued to increase, and the market inventory has dropped again. At present, high-tech, high-monopoly chemical bulk products in the market have begun to rise steadily.

According to the chemical industry list in the past 5 days, a total of 38 chemical products are on the rise. The top three gains were: polymeric MDI (9.66%), formic acid (7.23%), and propane (6.22%).

The national price stabilization has brought the prices of most chemical products back to a rational level. However, due to the recent increase in leading overhauls and frequent unexpected force majeure, the market has begun to worry about the shortage of gold, nine and silver, and some dealers have begun to stock up at low prices in the off-season. It is expected that there will be a risk of shortage in the fourth quarter or market prices will be pushed up again. Now we are keeping an eye on the off-season chemical market and stocking up in time.