SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > TDI News > News Detail
TDI News
SunSirs: Strong Supply-side Support, TDI Prices Rose Sharply in January
February 07 2023 09:23:11SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the domestic TDI price trend rose sharply in January. The average price of the TDI market at the beginning of the month was 18,800.00 RMB/ton, and the price at the end of the month was 20,433.33 RMB/ton, with an increase of more than 1,500 RMB/ton within the month, an overall increase of 8.69%.

Analysis review

In January, the TDI market was relatively strong. At the beginning of the month, the spot filling in the market was slow, and the bullish attitude of the operators increased. In addition, as the Spring Festival holiday was approaching, most of the commodity holders' offers remained firm, and the low prices were hard to find in the market; After the Spring Festival, the news of suppliers was released. At the end of the month, the monthly listing prices of large factories rose one after another, and the TDI guiding prices of factories in North China and Shanghai rose. The trading market followed the news, and the offer rose strongly. The downstream side inquired just in needed, and the actual transaction was relatively small, but as of the end of January, the spot goods on the market were tight, the supplier was dominant, and the TDI price trend ran at high levels.

The upstream toluene market rose strongly, with the price of 7,070 RMB/ton at the end of the month, up 1,150 RMB/ton from the price of 5,920 RMB/ton at the beginning of the month, with an overall increase of 19.43%. The cost of toluene naphtha rose widely. The price of raw materials drove the market of toluene to improve. After the festival, the downstream market returned to the market one after another. The demand expectation was optimistic. According to the guidance of market news, the price of toluene rose sharply.

Market outlook

According to the TDI data analyst of SunSirs, the TDI market had a slow spot filling, and the suppliers had a clear attitude to support the market. The trade market followed the guidance of the news. The market offer was high and firm, and the supplier support was strong. The downstream side inquired according to the demand. It is expected that the TDI will continue to be stronger in the later stage, and pay attention to the follow-up of the downstream.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products