SunSirs: TDI Market Slightly Increased in the Second Half of July
August 02 2023 09:32:03 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price trend of TDI in East China rose slightly in the second half of July. On July 31, the average market price in East China was 18,000.00 RMB/ton, 300 RMB/ton higher than the price of 17,700.00 RMB/ton on July 16, up 1.69%.
Analysis review
The domestic TDI market was undergoing consolidation and operation, with a tight supply of spot goods from suppliers and a strong market mentality. The trade market followed the trend, holders slightly raised their quotations based on factory news guidance. Downstream demand was weak, and there was resistance to high priced goods. Purchasing in the market followed up as needed, with a market mentality of wait-and-see. The focus of TDI transactions was consolidated at high levels.
The upstream toluene market had significantly increased. As of July 31, the average domestic price of toluene was around 7,860.00 RMB/ton, an overall increase of 5.36% compared to the price of 7,460.00 RMB/ton on July 16. The rise in international crude oil prices had driven up the price of toluene, coupled with a decrease in domestic supply from PetroChina South China and CNOOC Huizhou, once again driving a significant upward trend in the toluene market.
Market outlook
The TDI data analyst from SunSirs believes that downstream purchasing enthusiasm was average, and demand support was limited. Holders followed the market, and according to factory news guidance, the TDI quotation was firm at a high level. Operators had a wait-and-see attitude. It is expected that the TDI market will be stronger in the short term, and specific attention should be paid to the release of supplier information in the future.
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- 2024-04-11 SunSirs: On April 10th, the Domestic TDI Market Was Weak and Wait-and-see
- 2024-03-07 SunSirs: On March 6th, the Domestic TDI Market Was Consolidated to Be Weaker
- 2024-02-21 SunSirs: On February 20th, the Domestic TDI Market Situation Was on a Basis of Wait-and-see
- 2024-02-08 SunSirs: On February 7th, the TDI Market in the East China Region Was Light and Stable
- 2024-01-18 SunSirs: Recently, the TDI Market Had Experienced a Rise Followed by a Decline
