I. price trend
According to the data of the business club’s large scale list, the price trend of domestic TDI market decreased slightly this week. At the beginning of the week, the average market price in East China was 11466.67 yuan / ton, while at the end of the week, the average market price was 11400.00 yuan / ton, down 0.58% in the week, down 44.39% year-on-year.
| ferric sulfate (Poly ferric sulphate) |
II. Market analysis
Products: this week, the domestic TDI market was weak, the overall market atmosphere was general, the downstream market intention was weak, the transaction was weak, the mentality of the industry was different, some of the stable shipments were reported higher. As of the 13th, the quotation of domestic goods with bills in East China was 10700-10900 yuan / ton, and that of Shanghai goods with bills was 11000-11200 yuan / ton. The overall market atmosphere was weak, the inquiry and purchase were not smooth, and most of the enterprises kept stable shipment.
| Melamine |
Industry chain: the price of upstream nitric acid was slightly reduced. The average market price in East China at the weekend was 1600.00 yuan / ton, 1.03% lower than 1616.67 yuan / ton at the beginning of the week. The market of nitric acid industry was sluggish, with general demand. The quotation of enterprises was basically stable and maintained weak. The quotation of individual manufacturers was also reduced. It is expected that the nitric acid market will continue to be weak.
In terms of upstream toluene, the market was stable this week, up about 0.67% as of Friday. In terms of market conditions, it focuses on market transaction and port inventory, as well as the progress of Sino-U.S. trade negotiations and the crude oil trend under the expectation of OPEC production reduction. On the other hand, the long holiday in Europe and the United States is coming, and it is expected that the toluene market will continue its stable and volatile trend in the later period.
III. future forecast
According to the analysis by the Data Engineer of the business agency: the market atmosphere of TDI is low, all parties pay attention to the information of suppliers, offer cautiously, the downstream raw material inventory is abundant, the market intention is low, and the inquiry and purchase are weak. It is expected that the TDI market will be narrowed and the factory information will be focused.
| Azodicarbonamide (AC foaming Agent) |