SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Multi-lateral Favors Support the Rising Trend of TDI

September 18 2020 07:25:23     SunSirs (John)

Price trend

According to the data of SunSirs’ bulk list, the average price of TDI in East China on the 15th was 17,833.33 RMB/ton, an increase of 22.71% from 14,533.33 RMB/ton at the beginning of the month, and an increase of 39.32% compared with last year. The TDI Commodity Index on September 15 was 94.36, an increase of 3.53 points from previous day, a decrease of 61.95% from the highest point in the cycle of 248.02 points (2016-10-19), and an increase of 79.53 % from the lowest point of 52.56 on May 05, 2020. (Note: Period refers to 2011-09-01 to present)

Analysis review   

The domestic TDI market offers a high price, driven by the factories' successive upward adjustments in the listing price, the market price runs at a high level. The reason for the surge was mainly due to tight supply and picking up demand, among which overseas factory installations were favorable and supported. On August 31, the European BASF TDI device encountered force majeure. On September 1, Covestro’s TDI plant in the United States announced force majeure. TDI market supply is tight, export demand increases, domestic market supply is tight, and the rebound of TDI downstream also brings some support. Under the influence of various parties, the domestic TDI factory has a strong attitude towards the market in early September. BASF and Wanhua have successively increased significantly Monthly listed prices, the market followed the price increase after accepting the factory's guidance, and mainstream distributors followed the pace of the factory, and their quotations increased significantly.

On the upstream side, toluene prices rose slightly, port inventories continued to fall, destocking pressure still existed, demand improved slightly, market trading atmosphere improved, and overall supply and demand conditions tended to balance.

Market outlook

Analysis by the data analyst of SunSirs: The current domestic TDI market is relatively strong, the factory supports high prices firmly, and the dealers offer high prices. Although the downstream side provides market support, the actual orders are not followed up. The short-term domestic TDI market is consolidating at a high price level.

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

 

Energy
Chemical
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products