TDI Market Price Trend Slightly Decreased on July 24

Price Trend

According to the data list of business associations, the price of TDI in East China market on July 24 was 13900 yuan/ton, a decline of 0.71%. At present, the price of domestic goods in East China market is 13700-14000 yuan/ton, and the supply of goods in Shanghai is 14500 yuan/ton.

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II. Market Analysis

Products: Domestic TDI market is weak and shocky, the overall atmosphere is depressed, and there is a lack of follow-up, so the mindset of the traders is weakening along with the market, and some have low intention.

Industry chain: Upstream toluene, Shandong Geotechnical Refining Enterprises today listed price down about 50 yuan/ton. Traders today quoted a steady price, East China quoted about 5450 yuan / ton; nitric acid, market demand is still acceptable, the market is temporarily stable.

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Industry: The market pays more attention to factory news, and some low prices are also heard.

III. Price Forecast

TDI business analysts believe that the recent market stabilization has weakened, focusing on factory information guidance.

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