SunSirs: The TDI Market Was Temporarily Stable This Week (October 14-18)
October 21 2024 10:14:22 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the TDI market in East China remained stable with small fluctuations this week. As of October 16th, the average market price in East China was 13,300 RMB/ton, and as of October 14th, the average price was 13,300 RMB/ton. There was no increase or decrease during the week, with a year-on-year decrease of 30%.
Analysis review
This week, the TDI market had been consolidating and operating, with supplier quotations showing significant stability and small fluctuations, maintaining overall stability. Downstream purchases were made according to demand, and the enthusiasm for entering the market was not high. The overall market trading was weak, with weak upward momentum.
The upstream toluene market continued to decline, with a significant increase in supply. Holders were actively shipping, while downstream purchasing intentions were more cautious, maintaining a focus on replenishing essential inventory.
Market outlook
The TDI data analyst from SunSirs believes that the TDI market was significantly constrained by demand, and the attitude of suppliers to support prices had weakened. Under the guidance of weak and unprofitable news in the future, it is expected that the TDI market will operate to be weaker in the short term.
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