Price Trend
According to the data from the business associations’list, the domestic TDI market has been running steadily this week, with an average price of 14066.67 yuan per ton this week. Overall, TDI prices were stable this week.
II. Market Analysis
Products: This week, the domestic TDI market was tidied up slightly. Shandong Dongda-Norway Polyurethane Co., Ltd. reported 13700 yuan/ton; Zhangjiagang Bonded Zone Pan-Asian International Trade Co., Ltd. reported 14500 yuan/ton; Nanjing Carbon Green Chemicals Co., Ltd. reported 14000 yuan/ton.
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Industry chain: The price of nitric acid in the upstream of TDI is stable, the average price at weekend is 1475 yuan/ton, and the average price of toluene at this week’s market is 5137.5 yuan/ton. The quotation is stable. On the whole, the upstream market is running smoothly, the downstream market is underdeveloped, new orders are scarce, and the actions of factories are not obvious, which results in TRADERS’cautious wait-and-see.
3. Future Market Forecast
According to the data analyst of business associations, the TDI market is mainly stable at present. The downstream enterprises are facing the upsurge of returning to the market. The overall demand will be improved. However, in view of the fact that most of the stocks are ready before the festival and the short-term digestion of inventory is the main factor, the market is expected to be consolidated.
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