Price Trend

According to the data from the business associations’list, the price trend of domestic TDI market was stable this week. The average market price in eastern China was about 14066.67 yuan/ton in the week, down 100 yuan/ton from last weekend, or 0.71%.

II. Market Analysis

Product: This week, the TDI market in eastern China is tidying up and running. The price trend is temporarily stable. The atmosphere in the venue is light. Actual orders follow up is rare. The vendors’offer is stable and delivery is mainly negotiated. As of the 9th, the quotation of domestic goods with tickets in East China refers to 13700-13800 yuan/ton, and Shanghai goods with tickets refers to 13800-14000 yuan/ton.

Industry chain: The price trend of nitric acid in upstream is slightly declining. At the beginning of the week, the market price is about 1716.67 yuan/ton. At the end of the week, the market price is about 1693.33 yuan/ton, with a drop of 1.36%. The mainstream quotation of nitric acid in Jiangsu is 1680 yuan/ton, and the quotation is declining. 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 5400 yuan per ton. According to the feedback from traders, the turnover this week was not satisfactory. Compared with last week, the port inventory increased by 5,000 tons, reaching about 45,000 tons.

3. Future Market Forecast

According to the data analyst of business associations, the domestic TDI market has been sorted out, the overall atmosphere in the market is low, the transaction follow-up is scarce, and some low-price offers have been heard, the market is stable and small. TDI market shocks are expected in the latter part of the consolidation.