Price Trend

On August 28, the TDI commodity index was 69.31, unchanged from yesterday, down 72.05% from the cycle peak of 248.02 points (2016-10-19), and up 15.19% from the lowest point of 60.17 on February 22, 2016. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: According to statistics, TDI prices in East China market are declining. TDI prices in East China market are 1310 yuan/ton on the 27th, a decline of 0.51%. TDI market in East China is vulnerable to consolidation. Businessmen pay more attention to factory news, good news is scarce, the overall atmosphere in the field is slightly warmer, only sporadic small orders follow-up, business offer is temporarily stable, negotiate shipment. Mainly. Domestic goods with tickets out of the warehouse offer reference 12600-12700 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 12800-13000 yuan/ton, the actual single negotiation is low.

Industry chain: Compared with the previous trading day, the listed price of toluene of Sinopec’s enterprises in North China increased by about 100 yuan/ton today. Shandong Geotechnical Refining Enterprises have a stable listing price today. Traders’quotations are stable today. The quotations in East China are about 5700 yuan/ton. As for nitric acid, the market of Jiangsu nitric acid is weak and the demand of nitric acid market is not good. The quotations of manufacturers in Shandong, Huainan, Anhui and other places have been lowered, and the market demand is general.

Industry: Domestic TDI market is weak and volatile, good news is scarce, the overall atmosphere continues to be depressed, mainly to negotiate shipments, the industry pays more attention to factory dynamics, individual low-price hearings, with the price bottom, a small number of transactions follow-up, but it is difficult to effectively support the situation.

III. Price Forecast

TDI business analysts believe that the domestic TDI market is weak in the latter stage, focusing on factory information surface guidance.