I. price trend
The TDI commodity index on October 28 was 68.61, down 0.7 points from yesterday, 72.34% from 248.02 (2016-10-19), and 14.03% higher than 60.17, the lowest point on February 22, 2016. (Note: cycle refers to 2011-09-01 to now)
| Potassium monopersulfate |
II. Market analysis
Products: according to the statistics of the business agency, the price trend of TDI in the East China market is down. On the 28th, the price of TDI in the East China market was 12966.67 yuan / ton, down 1.02%. The weak TDI market in the East China region was sorted out, the atmosphere in the market remained light, the mentality of the operators was different, some of them reported stable and watched, and some of them negotiated low-end shipments. At present, the quotation of domestic goods with bills is 12600-12800 yuan / ton, and that of Shanghai goods with bills is 12800-13000 yuan / ton.
Industrial chain: upstream toluene, the previous trading day, Sinopec’s listed price of toluene today is the same. The listing price of Shandong refining enterprises was lowered today, about 5550 yuan / ton. The quotation of traders in East China was stable, about 5850-5870 yuan / ton. In the aspect of nitric acid, the price trend in East China is declining, the weak quotation of manufacturers tends to stabilize, and the price of some manufacturers is slightly reduced. Nitric acid market performance is not good, market demand is still weak, and it is expected to be dominated by narrow range shocks in the later period.
| ferric sulfate (Poly ferric sulphate) |
Industry: the domestic TDI market is dominated by weak consolidation, the atmosphere in the market is depressed, the volume of transactions is insufficient, the pressure on the industry is becoming heavier, the mentality is different, the negotiation is partial to low-end shipment, and some low-cost goods are heard.
III. price forecast
TDI analysts of the business agency believe that in the later period, the domestic TDI market mainly focused on narrow range consolidation, and focused on the guidance of the factory’s information surface.
| Azodicarbonamide (AC foaming Agent) |