SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > TDI News > News Detail
TDI News
SunSirs: In October, the TDI Market Rose Sharply and Fell Sharply, and the Price Rose 17.68% Overall in the Month
October 31 2022 14:42:10SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the domestic TDI price trend rose first and then fell in October. At the beginning of the month, the average TDI market price was 20,075.00 RMB/ton, and at the end of the month, the price was 23,625.00 RMB/ton. Within the month, the price rose 3,550 RMB/ton, an overall increase of 17.68%, of which the highest price within the month was 27,166.67 RMB/ton, an increase of 35.33% over the beginning of the month.

Analysis review

The supply side continued to be tight. In the later period, the downstream resisted the high price. In October, the domestic TDI price rose sharply and fell sharply. After coming back from the National Day holiday, TDI continued to rise. At the beginning of this month, under the news of factory closure, equipment maintenance, and limited supply from large factories, the suppliers continued to rise. In addition, there was a big gap in the overseas supply market, domestic factories we re turning to export trade, domestic TDI spot goods were tight, and the trade market was bullish. The commodity holders were reluctant to sell, and the price rose continuously. By October 17, TDI had risen to 27,166.67 RMB/ton, a 35.33% increase over the beginning of the month. In late October, the TDI market fell, and the trade market offered a high price. However, the lower reaches were obviously resistant to high prices. Some of the holders began to ship at low prices. The market's willingness to ship on a profitable basis increased, and the focus of trading continued to move downward.

On the cost side, the toluene market was first strong and then weak. The price at the end of the month was 7,610 RMB/ton, 70 RMB/ton lower than the price at the beginning of the month of 7,680 RMB/ton, with an overall drop of 0.91%. After the National Day holiday, due to the strong trend of crude oil on the cost side, the toluene market was boosted. At the beginning of the month, the price of toluene rose actively. However, the downstream demand was weak, and the demand side was difficult to support. After the rise of the price of toluene, it fell back in a narrow range. In the middle and late ten days, the demand for toluene of downstream was poor. In addition to the impact of public health events in many places, the logistics and transportation were limited, and the shipment of toluene was blocked. The price continued to decline.

Market outlook

According to the TDI data analyst of SunSirs, since late October, the domestic TDI market has been weak and falling, the market inquiry atmosphere is light, and the downstream is resistant. The suppliers are cautious in their offer mentality, some profitable orders are shipped at low prices, some of them have firm prices, and the market price is chaotic. Although the market is still positive, it is difficult to support the weak market trading, and the supply and demand performance is stagnant. It is expected that TDI will wait and sort out in the short term, and the price will fluctuate in a range, with specific attention paid to the downstream follow-up.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products