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SunSirs: TDI Prices Are Temporarily Stable on September 30
October 09 2020 07:56:35SunSirs(John)

Price trend

According to data from SunSirs’ bulk list, the average price of TDI in East China on the 30th was 17,833.33 RMB/ton, which was the same as yesterday and an increase of 39.69% compared to last year. On September 29, the TDI Commodity Index was 94.36, the same as yesterday, a decrease of 61.95% from the highest point in the cycle of 248.02 points (2016-10-19), and an increase of 79.53% from the lowest point of 52.56 points on May 05, 2020. (Note: Period refers to 2011-09-01 to present).

Analysis review   

The domestic TDI market is organizing and operating, and the atmosphere in the market is relatively empty. The downstream stocking transactions before the holiday are mostly in the reserve price range, and the resistance to high-priced selling is relatively large. At present, most of the market is in a holiday state, and the market trading enthusiasm is weak. The insiders mainly wait and see. On the upstream side, toluene prices fell slightly, port inventories declined slightly, and market supply remained surplus. However, the downstream demand for blending oil and solvents showed signs of improvement. The long holiday is approaching and the market is slightly cautious. It is expected that the toluene market will remain weak in the future.

Market outlook

The holiday is approaching, and most of the downstream stocking has been completed. At present, the supplier's attitude to support the market is relatively obvious. It is expected that the domestic TDI market will be sorted out in the later period, and the downstream follow-up need be concerned.

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