Price trend
According to data from SunSirs’bulk list, the TDI market price this week had been sorted up. The average market price in East China on the weekend was 18,250.00 RMB/ton, compared with 13,833.33 RMB/ton at the beginning of the week, an increase of 31.93% and a year-on-year increase of 64.9 1%.
Analysis review
This week, the domestic TDI market went up strongly. At the beginning of the week, the atmosphere was quiet, overseas supply was tight, domestic export orders were good, and TDI prices were rising. The industry's bullish mentality was obvious. Distributors followed the high market offer, and the factory guidance price was announced in the later period. Later, the market sentiment was further boosted, and TDI quotations were raised again. As of the 26th, domestic TDI offers in the East China market referred to 17,000-17,500 RMB/ton, and those in Shanghai referred to 17,000-18,500 RMB/ton.
Toluene prices continued to rise. Affected by crude oil, the price of toluene continued to rise. The market was very strong. The industry offered a high price. As of the 26th, the domestic average price was 5,700 RMB/ton, an increase of 9.09% during the week. The supply of toluene was expected tightening, stockholders were more willing to hold prices, and the market outlook continued to rise.
At present, overseas sources of goods are tight, manufacturers’export demand is good, industry players have a positive attitude, high offers are running, and low-price shipment intentions are not high. In addition, BASF’s 300,000-ton/year TDI plant in Ludwigshafen, Germany, is scheduled to enter the maintenance period from March to April, which will once again benefit the export market. After the holiday, the downstream market gradually returns to stability. Given the performance of supply and demand, the market has a strong bullish mentality.
Market outlook
According to the analysis of the TDI data analyst of SunSirs, the current domestic TDI price is strong. With the improvement of the domestic export market and the gradual recovery of downstream market demand, the industry's bullish mentality remains unchanged. It is expected that the TDI market will be strong in the later period, and pay attention to changes in supplier news.
