Last week, the domestic TDI market continued to weaken, with light market trading, a strong wait-and-see atmosphere, and a prominent short-selling atmosphere. The average ex-factory price quoted at the beginning of the week was 34,571.43 yuan/ton, and the average ex-factory price at the weekend was 31,785.71 yuan/ton, a weekly decrease of 8.06%, and a total increase of 109.62% in the past three months.
Market Analysis
Product: The domestic TDI market continued to be sluggish last week, and spot trading on the market was light. Industry players were cautious and focused on sporadic negotiations with the market at low prices. The short-selling atmosphere in the market was obvious, and the focus of transactions continued decline. Among them, the TDI market in East China is weak and stalemate. The traditional off-season market continues to be sluggish. Traders lack confidence in the market outlook and actively ship goods. The reference price for domestic products is 30,000-31,000 yuan/ton, and the reference price for Shanghai products is around 30,500-31,000 yuan/ton. ; The TDI market in North China continues to be weak, and the price for small orders is relatively low. Domestic goods are negotiated at a reference price of 30,000-30,500 yuan/ton, and Shanghai goods are negotiated at a reference price of 31,000-32,000 yuan/ton.
Industrial chain: 1. The upstream internal and external toluene market is in a parallel pattern, while the downstream procurement demand is not being followed smoothly, and there is no strong positive support. In the East China toluene market, trading volume is light, and the wait-and-see atmosphere is still strong; in the South China toluene market, on-site bids are cautious, and on-site buying is sluggish; in North China, negotiations are softening, and there are not many actual orders on the market. It is expected that the toluene market may push up slightly in the short term. Increased, but not by much; 2. Downstream demand has decreased in the traditional off-season, and the market continues to be sluggish. Traders lack confidence in the market outlook and actively ship goods. Negotiating small orders, rigid demand prices are low, and demand in industries such as paints and coatings has entered the traditional off-season, and the market has risen. Space is also limited.
Industry: The domestic TDI market declined weakly last week, with suppliers mainly actively shipping goods. The focus of negotiations was light and stable, and the short-term market operated weakly.
Market Outlook
Last week, the domestic TDI market continued to decline. The spot trading on the market was deserted. Traders were cautious to maintain stability. The focus of negotiations was low and the stalemate was low. On-site bids were cautious. Downstream users were mostly bearish. In the market outlook, there is little enthusiasm for entering the market and receiving orders. Business operators are cautious and focus on low prices through sporadic negotiations with the market. TDI analysts predict that the short-term TDI market will consolidate weakly.
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