SunSirs: TDI Market Was Stable and Down in February
March 03 2020 08:25:44     SunSirs (John)Price trend
According to the data of SunSirs, the price trend of domestic TDI market in February was stable and down, the average ex factory price of domestic TDI at the beginning of the month was about 11,700.00 RMB/ton, and the average ex factory price of domestic TDI at the end of the month was about 11,066.67 RMB/ton, down 5.41% in the month.
Analysis review
Product: The price of domestic TDI market fell this month. As of the 29th day, the quotation of domestic goods with bills in East China is 10,500-11,000 RMB/ton, and that of Shanghai is 11,000-11,200 RMB/ton; the quotation of domestic goods with bills in South China is 10,800-11,000 RMB/ton, and that of Shanghai is 11,200 RMB/ton; the quotation of domestic goods with bills in North China is 10,800-11,000 RMB/ton, and that of Shanghai is around11,000-11,200 RMB/ton.
Industrial chain: In this month, the price trend of nitric acid in the upstream of TDI rose first and then fell. As of the end of the month, the market price was 1,550 RMB/ton, down 2.11% compared with 1,583 RMB/ton at the beginning of the month. The market demand was light and stable, and the market fluctuated downward; In terms of upstream toluene, affected by the stable rebound of international crude oil price and the continued rise of toluene price in South Korea market, domestic enterprises have entered the resumption period, market demand has gradually improved expectations, and domestic toluene price may fluctuate slightly.
Market outlook
According to the analysis of SunSirs: at present, the TDI market is explored in a narrow range, the factory has a clear attitude towards the market, the atmosphere in the market is quiet, the downstream purchase is limited, the terminal demand recovery is slow, and the transaction is not good. It is expected that the TDI market or interval will be sorted and operated in the later period, and the factory policy guidance will be focused.
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- 2024-02-21 SunSirs: On February 20th, the Domestic TDI Market Situation Was on a Basis of Wait-and-see
- 2024-02-08 SunSirs: On February 7th, the TDI Market in the East China Region Was Light and Stable
- 2024-01-18 SunSirs: Recently, the TDI Market Had Experienced a Rise Followed by a Decline