Price Trend
According to the data of business associations, the price trend of domestic TDI market increased slightly this week. At the beginning of the week, the average market price in East China was about 12800 yuan/ton. At the end of the week, the average market price in East China was about 12866.67 yuan/ton. During the week, the increase was 0.52%, which was 55.13% lower than that of last year.
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II. Market Analysis
Product: This week, the TDI market in eastern China is weak, and the price trend is rising. However, the atmosphere in the market is low, the mindset of the operators is weak, and negotiation of shipment is the main way. As of the 20th, China’s domestic goods with tickets out of the warehouse offer reference 12500-12600 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 12700-12800 yuan/ton, a single talk, the actual negotiations.
Industry chain: The price of nitric acid in upstream is going up. The market price at weekend is about 1933.33 yuan/ton, which is 12.62% higher than 1716.67 yuan/ton at the beginning of the week. Since September, the price of nitric acid has been rising all the way. On September 17, Jiangsu manufacturers quoted 1950 yuan/ton, up 350 yuan/ton from the quotation at the beginning of the month. Influenced by environmental protection, some factories parking overhaul, nitric acid supply shortage. The nitric acid market may continue to operate strongly.
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Influenced by the rise of crude oil upstream and the low level of port inventory, the domestic toluene market has been in a good general trend this week. At present, the mainstream price in East China is around 6500-6550 yuan/ton. According to the feedback from traders, the trading volume fell slightly from last week, and the port inventory remained low, at around 24,000 tons.
Industry: With the arrival of the traditional peak season in September, Sino-US trade has made TDI and downstream industries export a little laborious. The terminal digestion speed of TDI is not as fast as before, the market demand is weak, the domestic TDI market is running weakly, the atmosphere in the field is not good, the negotiations are mainly low-end shipments, and the focus of market delivery has slightly declined.
3. Future Market Forecast
According to the data analyst of business associations, the domestic TDI market is weak, the overall atmosphere of the venue is depressed and the turnover is sporadic. It is expected that the TDI market will be disadvantaged in the later period.
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