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SunSirs: The TDI Market Fluctuated Downward in April
May 06 2021 11:02:01SunSirs(John)

Price trend

According to data from SunSirs’ bulk list, the TDI price in East China was weak in April. The average TDI market price at the beginning of the month was 16,750.00 RMB/ton, and the average TDI price at the end of the month was 15,666.67 RMB/ton, which was reduced by 1,083.33 RMB/ton within the month, a decrease of 6.47%.As of the 30th, domestic TDI market offers for domestic products referred to 14,300-14,500 RMB/ton, and Shanghai cargo offers referred to 14,500-14,700 RMB/ton.

Analysis review

In the first ten days of April, the TDI market was stable and down, the market was stable and small, the atmosphere in the market was light, the downstream inquiry enthusiasm was not high, and only a small number of just-needed users followed up. As of the 15th, in East China, the reference price of domestic goods with invoice delivery was 15,300-15,500 RMB/ton, while the reference price of Shanghai goods with invoice delivery was 15,700-15,800 RMB/ton. In late April, the price trend of TDI in East China continued to decline, the offer of goods holders continued to decline, the price of dealers coexisted with high and low price, there was a strong wait-and-see atmosphere in the market, the enthusiasm of downstream market entry was not high, the purchase intention was low, and the market price continued to decline.

The upstream toluene market continued to rise, with a 4.32% increase in the month, from 5461.00 RMB/ton to 5,697.00 RMB/ton. Affected by the high volatility of crude oil prices, the external disk price rose, supporting the upward trend of toluene spot market prices, but the downstream follow-up was weak, the demand side was weak, the growth rate of toluene was limited, and the market outlook rose slightly.

Market outlook

According to the TDI data analyst of SunSirs, the TDI market is in a stalemate, the trading atmosphere on the floor is weak, the quotation of the distribution market is mainly on the sidelines, the replenishment of the downstream before the festival is coming to an end, and there is no obvious fluctuation in the demand side for the time being. It is expected that the TDI market will be on the sidelines in the later period and pay attention to the guidance of other factories.

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