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SunSirs: TDI Market in East China Was Temporarily Stable (March 22-28)

March 31 2021 13:48:32     SunSirs (John)

Price trend

According to data from SunSirs’ bulk list, the TDI market price situation this week was weak. The average market price in East China during the week was 17,250.00 RMB/ton, which was a decrease of 1.43% compared with last week's 17,500 RMB/ton, and a 57.77% increase year-on-year.

Analysis review

The domestic TDI market was weakened this week. At the beginning of the week, the market was cautious and wait-and-see, waiting for the latest price guidance from the factory. There were fewer offers. After the announcement of the factory guidance price in the later period, the market sentiment was relatively empty, and the offers were mostly stable, and the downstream inquiries were weak. As of the 28th, the offer price of TDI domestic products in the East China market was 15,500-15,700 RMB/ton, and the offer price of Shanghai goods was 16,500-17,000 RMB/ton.

The price of toluene fell slightly. Affected by the sharp rise and fall of crude oil, the spot market price of toluene fluctuated mainly during the week. As of the 28th, the domestic average price was 5,515 RMB/ton, a decrease of 1.30% within the week. The spot supply of toluene in the toluene market was sufficient, but downstream follow-ups were general, and the demand side remained weak.

Market outlook

According to the analysis of the TDI data division of SunSirs, the domestic TDI market is weak, the atmosphere in the market is mainly wait-and-see, the enthusiasm for downstream inquiries is not high, the overall terminal willingness to receive goods is weak, and the demand is insufficient It is expected that the TDI market will remain deadlocked in the later period, and pay attention to changes in supplier news..

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