PMDI: China’s PMDI market moved down from January to August. Later, with the seasonal demand improvement and supply tightening, PMDI prices stabilized and rebounded slightly in September. As of October 17, the mainstream offers for PMDI stand around CNY 17,000/tonne, an increase of about CNY 3,000/tonne from the low point of CNY 14,000/tonne before the rebound in early September.

MMDI: China’s MMDI market remained range-bound from January to August 2022. Compared with the past two years, MMDI price fluctuations this year were relatively weaker and affected by both the supply and demand. In late August, the concentrated purchases of main downstream manufacturers resulted in a general shrinkage of multiple suppliers’ spot goods. From September to mid-October, the supply shortage still existed, thus MMDI prices were going up steadily. As of October 17, the mainstream offers of MMDI stand around CNY 21,500/tonne, an increase of about CNY 3,300/tonne compared with the price of CNY 18,200/tonne in early September.

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