SunSirs: TDI Price Trend Continued to Decline (March 25-31)

Price trend

According to monitoring data from SunSirs, the trend of TDI prices in East China continued to decline this week. On March 31, the average market price in East China was 17,700.00 RMB/ton, a decrease of 0.93% compared to the price of 17,866.67 RMB/ton on March 25, and a decrease of 9.23% compared to the beginning of the month.

Analysis review

This week, the TDI market was in a weak downward trend, with quiet information from suppliers and a tight supply of goods. The demand end market entered the off-season, with a general trading atmosphere in the downstream of TDI. There were few market inquiries, and the trade market was dominated by stalemate. In order to maintain the pace of shipment, some holders lowered their offers, and the focus of market transactions shifted downward. As of the 31st, the quotation range for domestic goods in the distribution market in East China was around 17,500 RMB/ton, and the quotation range for Shanghai goods was 17,600-17,700 RMB/ton. The actual orders were mainly negotiated.

The upstream toluene market fell first and then rose. As of March 31, the domestic average price of toluene was around 7,080 RMB/ton, an overall increase of 0.04% compared to the price of 7,050 RMB/ton on March 25. The supply of toluene in the market was relatively sufficient, and the downstream demand was general. During the week, the manufacturer adjusted its quotation based on its own shipment situation, and the price of toluene fluctuated forward.

Market outlook

The TDI data analyst from SunSirs believes that the TDI market had sufficient supply, downstream demand was weak, terminal market trading was sluggish, and the market lacked effective benefits. In addition, the downstream had a conflicting attitude towards high-priced supplies, resulting in a stalemate in the TDI market under the supply and demand game. In the short term, TDI prices will be weak and volatile, and specific attention should be paid to the follow-up of downstream.

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