SunSirs: On July 18, the TDI Market Trended Towards Weak Consolidation
July 19 2022 16:44:56 SunSirs (John)Price trend
On July 18, the average TDI market price in East China was 17,325 RMB/ton, down 0.29% from the previous working day, and the market conditions were weak.
Analysis review
The main factories had no pressure on the inventory, and they mainly had the mentality of supporting the market. The downstream demand was weak, and the enthusiasm for entering the market was average and only some rigid users followed up. The stockholders negotiated shipments at a profit-cutting, and the trading atmosphere on the market was still light. The mentality of the industry was stalemate and wait-and-see.
As of the 18th, the quotation range of TDI dealers in East China was about 16,900-17,400 RMB/ton for domestic products, and 17,200-17,700 RMB/ton for Shanghai goods.
Market outlook
It is expected that in the short term, the TDI market will run in a weak consolidation and the price will fluctuate in a range. Pay attention to the market supply and downstream follow-up.
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