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SunSirs: The Price Trend of TDI Upwards in East China Market on Oct. 8

2019-10-09 15:12:03     SunSirs (John)

Price trend

On October 8, the TDI commodity index was 68.43, up 0.88 points from the day before, down 72.41% from 248.02 points in the cycle (2016-10-19) and up 13.73% from 60.17 points on February 22, 2016. (Note: Period refers to 2011-09-01 to date)

 

Analysis review

Product: According to statistics, the price trend of TDI in East China market has increased. On Oct. 8, the price of TDI in East China market was 12933.33 RMB/ton, down 1.31%. The market of TDI in East China is on the lookout for operation. After the festival, the atmosphere in the venue is temporarily light, with sporadic transactions heard. Businessmen watch the news of factories, and a small amount of offers are raised. At present, the quotation of domestic goods with tickets out of warehouse refers to 12600-12800 RMB/ton, and Shanghai goods with tickets out of warehouse refers to 13000 RMB/ton.

Industry chain: Compared with the previous trading day, the listed price of toluene of Sinopec's enterprises in central China was reduced by about 300 RMB/ton today. The listing price of Shandong Geotechnical Refining Enterprises is stable today, which is about 6,300 RMB/ton. The quotation of traders in East China is stable, which is about 6,350 RMB/ton. As for nitric acid, the market of Jiangsu nitric acid has fallen, the demand of nitric acid market is not good, and the price of concentrated nitric acid of Huainan Audley Chemical Company has fallen, and the market demand is general.

Industry: The domestic TDI market is weak and shocky. Despite the price adjustment of the two main factories and the failure of Shanghai Basf plant, the terminal raw material stock is sufficient and the demand support is weak.

 

Market outlook

The domestic TDI market is weak and shocky. Despite the price adjustment of the two main factories and the failure of Shanghai Basf plant, the terminal raw material stock is sufficient and the demand support is weak.

 

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