Price Trend

According to the data from the business associations’list, the price trend of domestic TDI market continued to decline this week. At the beginning of the week, the average market price in East China was about 14 066.67 yuan/ton. At the end of the week, the average market price in East China was about 13 733.37 yuan/ton, with a drop of 2.37% in the week, 54.68% compared with the same period last year.

II. Market Analysis

Products: This week, the TDI market in East China is weak, the price trend is down, the atmosphere is light, the mindset of the operators is empty, the offer is down, and some low prices are heard. As of the 16th, China’s domestic goods with tickets out of the warehouse offer reference 13000-13100 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 13200-13300 yuan/ton, a single talk, the actual negotiations.

Industry chain: The price trend of nitric acid in the upstream is stable, and the market price remains stable at about 1693.33 yuan/ton in a week. The mainstream quotation of nitric acid in Jiangsu is 1680 yuan/ton, which is temporarily stable, and the demand of nitric acid market is still acceptable. The quotation of the manufacturer is basically stable, and the quotation of individual manufacturer is somewhat loose. The nitric acid shipment situation is general. This week, toluene market prices rose slightly. At present, the mainstream price in East China is around 5,500 yuan/ton, which is 0.53% higher than 5,471 yuan/ton at the beginning of the week. According to the feedback from traders, the turnover has improved slightly this week. At present, the mainstream price in East China is around 5500-5550 yuan/ton. Compared with last week, port stocks have declined slightly. At present, they are about 44,000 tons.

Industry: On the 16th, the domestic TDI market continued to decline, Cangcheng Chemical Plant’s guidance price was lowered, inquiry delivery on the site was still sluggish, a small number of orders followed up, the mindset of the industry was empty, and the offer continued to fall out.

3. Future Market Forecast

According to the data analyst of business associations, the domestic TDI market is weak, the overall atmosphere of the market is low, the follow-up of transactions is scarce, and some low-price offers have been heard, the market is stable and small. It is expected that the TDI market will be disadvantaged in the later period.