SunSirs: On October 11th, the TDI Market strongly Operated
October 12 2023 09:50:37 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average TDI market price in East China on October 11th was 18,900 RMB/ton, an increase of 1.07% compared to the previous working day of 18,700 RMB/ton, indicating a strong market performance.
Analysis review
After the holiday, the intensive release of TDI factory equipment maintenance news had boosted market sentiment, causing a significant increase in the quoted prices of cargo holders. The market learned that Shanghai Kesichuang had once again closed down due to inventory constraints, and suppliers had a strong intention to support the market. The trade market followed the guidance of the news, and the quoted prices of cargo holders continued to rise.
Market outlook
Downstream follow-up was on demand, with strong support from on-site suppliers and a bullish mindset among operators. It is expected that the TDI market will continue to operate to be stronger in the short term, and specific attention will be paid to downstream follow-up.
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