After the Chinese New Year holiday, chemical enterprises have started to work one after another, the chemical raw material market ushered in the open door, most chemical products than before the holiday rose.

As of the first week of February, compared to the beginning of the year, in more than 100 chemical raw material data, 52 products rose, accounting for 49.06%. At the same time, BASF, Wanhua and other companies price increase letter after letter, but also for the post-holiday market rose.

January 27, 2023 news, BASF announced a price increase of USD 300/ton for MDI base products in ASEAN and South Asia, effective immediately.

Southeast Asia: From late December to January before the Chinese New Year, the Chinese MDI market price shock rebounded, however, the Southeast Asia market price not only did not follow the synchronous rebound, but also weakened downward to the range of USD 1600-1650/ton. Therefore, BASF's increase in MDI prices in Southeast Asia can be regarded as a restorative increase in market prices in the region.

Domestic: Wanhua Chemical earlier announced the January 2023 MDI product price adjustment, in which the pure MDI price compared to December price increase of 500 yuan / ton, polymeric MDI price no change, subject to the domestic part of the MDI production plant in February there are maintenance plans, plus the overseas market price increase news, February MDI market prices or strong operation.

MDI is the main raw material for PU foam products, which has led to many domestic manufacturers have issued a price increase notice. Therefore, if there is an order plan, we suggest customers to arrange the order time properly and contact us at any time.