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SunSirs: Demand Was Weak, TDI Prices Continued to Fall (August 7-13)

August 17 2021 14:47:38     SunSirs (John)

Price trend

According to data from SunSirs’ bulk list, the TDI market price trend continued to decline this week. The average market price in East China on August 13 was 14,350 RMB/ton, compared with 14,750 RMB/ton on August 7, the quotation was reduced by 2.71%.

Analysis review

The TDI market was weak this week. There was less news from the factory during the week, and the atmosphere in the market was deserted. The offer of holders continued to be lowered, and maintained the negotiation shipments. Individual offers were low, and there were high and low prices in the market. As of the 13th, the reference price of domestic TDI in the mainstream market in East China with invoices was 13,500-13,700 RMB/ton, and the reference price of Shanghai TDI with invoices was 13,900-14,100 RMB/ton. The actual order was based on negotiation. Dealers' quotations were adjusted in accordance with market news, and the mentality of the week was arranged to wait and see.

The price of toluene continued to drop this week. The domestic average price of toluene on the 13th was 5,772.20 RMB/ton, a decrease of 1.67% compared with the 5,870.00 RMB/ton on August 7. The demand in South China and Central China was weak, and business transactions were not good; due to the impact of public health incidents, the shipments of enterprises in East China were blocked, the price was stalemate, and the toluene market was weak in the later period.

Market outlook

According to the analysis of the TDI data analyst of SunSirs, the TDI market in East China was operating weakly this week, the domestic TDI market was generally trading, the downstream market was weak, the demand was weak, the holders were not motivated to offer, and the negotiation was maintained, and the market had a small transaction. It is expected that the TDI market will wait-and-see in the later stage, and the market outlook will follow the guidance of the supplier's news.

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