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Substantial Price Cuts! Wanhua Announced That The MDI Price In January 2020 Will Be Reduced By 3300 Yuan / Ton.
In the evening of December 25th, Wanhua chemical issued the latest announcement on the price of Chinese MDI in 2020 January. 。
It is understood that since June 2019, MDI prices have shown signs of bottom up.
From its development in the past 10 years, the income and net profit of Wanhua chemical company began to increase evidently since 2011.
Especially in 2013, Wanhua chemical industry has made great achievements in the field of upstream petrochemical industry, realized the expansion of the industrial chain from the downstream to the upstream, made obvious structural adjustment in 2015, and then continued to increase significantly from 2016. Especially in 2017, the new material business started to contribute substantially, and the high margin helped it pass through the economic adjustment period of 2017-2018 years.
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