Price Trend
According to the data from the business associations’list, the domestic TDI market price rose sharply this week. At the beginning of the week, the average market price was 14966.67 yuan/ton, and at the end of the week, the average market price was 15766.67 yuan/ton, an increase of 5.35% in the week.
| Polyglutamic acid 30% agricultural grade |
II. Market Analysis
Product: TDI price trend in East China this week has been up and down. Affected by the centralized booming of factories, on-site merchants are in a better mood after the market. Some of the offers are rising broadly. Some of them are cautious and wait-and-see for no quotation. On-site inquiry buying momentum has warmed up slightly, and the actual single transaction is still depressed. As of the 19th, domestic goods with tickets are quoted as 15900-16200 yuan/ton in East China, 16400-16600 yuan/ton in Shanghai, 15900-16100 yuan/ton in South China, 16400-16600 yuan/ton in Shanghai, 16400-16600 yuan/ton in Shanghai, and 16000 yuan/ton in North China. Refer to the vicinity of 16500 yuan/ton.
| Gamma Polyglutamic acid Cosmetic |
Industry Chain: The price of nitric acid in the upstream of TDI in China continued to be stable this week, with the market price of 1560.00 yuan/ton as of the end of the week, which was more stable than that at the beginning of the week; the price quoted by mainstream manufacturers in Jiangsu was 1550-1600 yuan/ton, that quoted by Anhui was 1500-1600 yuan/ton, and that quoted by South China was 1950 yuan/ton. The situation of nitric acid in various places remained unchanged, and the price was stable. Domestic toluene prices continued to decline this week, with an average of 5,525.00 yuan/ton at the beginning of the week and 5,462.50 yuan/ton on Friday, a 1.13% drop in the week.
3. Future Market Forecast
According to the data analyst of business associations, the TDI market is going up broadly at present, and the post-market mentality of the on-site merchants is positive, but there are fewer actual orders, the factory releases good news, and the stock is not pressured. It is expected that the short-term TDI market will rise steadily.
| Gamma Polyglutamic Acid |