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SunSirs: The Downstream Follow-up Was Limited, and the TDI Market Was Stable with Small Fluctuations
January 27 2021 11:15:18SunSirs(John)

Price trend

According to the data from SunSirs’ bulk list, the TDI market price quotation was running smoothly this week. The average market price in East China at the weekend was 12,533.33 RMB/ton, a decrease of 1.05% compared with 12,666.67 RMB/ton at last weekend, and an increase of 7.12% year-on-year.

Analysis review

This week, the domestic TDI market was stalemate and wait-and-see. The atmosphere in the market was quiet. At the beginning of the week, the market was weak. Dealers' quotations were lowered compared with last week. In the later period, the dealers mostly were waiting and seeing. The price trend was running steadily. As of the 24th, TDI domestic products in the East China market referred to 12,400-12,500 RMB/ton, and Shanghai goods referred to 12,500-12,600 RMB/ton.

The market for toluene continued to rise, and the initial market was quite strong. The focus of negotiations was pushed up. The increase in the week was 3.26%. As of the 24th, the average domestic price of toluene was 4,037.5 RMB/ton, and the price fell near the weekend. Affected by public health incidents, some domestic downstream terminal factories may be closed early, and the demand for toluene in the market is weak.

At present, the supply-side equipment is running smoothly, the offer is relatively high and the intention to sell at low prices is not high. On the other hand, due to public health incidents, the holiday time of downstream terminals may be advanced, and the industry is cautious, mainly purchasing on demand, and buying intentions are light. The market for polyether is down, and the downstream is mostly holding a wait-and-see attitude. The industry mainly purchases on demand, the buying enthusiasm is average, and the purchase of TDI is limited.

Market outlook

According to the analysis of the TDI data engineer of SunSirs, the domestic TDI market is currently in a deadlock, and the atmosphere on the market is quiet. In addition, the downstream may enter the holiday early, the demand is weak, the on-site trading is deserted. In the later period, the TDI market may continue to stabilize temporarily, and pay attention to downstream market news.

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