1、 Price trend
According to the data of the business club’s large scale list, the price trend of TDI market this week was stable and down. The average market price in East China at the weekend was 9933.33 yuan / ton, down 3.25% in the week compared with 10266.67 yuan / ton at the beginning of the week, down 33.03% year-on-year.
| EDTA 2Na |
2、 Market analysis
Product: this week, the domestic TDI market fell. At present, the recovery of demand is not optimistic. Due to the impact of public health events, foreign trade orders are cancelled or postponed in large quantities, TDI factory’s finished product inventory remains high, the downstream production and sales are not smooth, the demand for raw materials is limited, the enthusiasm for inquiry is not high, and the pressure on the manufacturer to ship is high. Under the condition of maintaining the shipping volume, the price keeps falling. By the end of March 3, the quotation of domestic goods with tickets in East China market was 9200-9300 yuan / ton, and the quotation of Shanghai goods with tickets was 9400-9600 yuan / ton. At present, the weak market in North China is waiting for the customers to deliver goods, and the downstream mentality is waiting for the customers to deliver goods. The narrow market in East China is sorting out, and the customers maintain the mentality of shipping volume, and the market continues to explore. The weak market in South China is sorting out, and the market is pessimistic Spread, market price chaos.
| EDTA |
Industry chain: in terms of upstream toluene, the global health event, worried about the shrinking demand for crude oil due to the economic recession, combined with the overall sharp decline trend of the international oil price this week before Thursday, affected by this, the domestic toluene price followed the sharp drop, the domestic market price fell sharply this week, as of Friday, the average domestic price was about 3050 yuan / ton, down 11.59% on last week.
3、 Future forecast
According to the analysis of the business club’s Data Engineer, at present, the on-site operators are short of future market mentality, the downstream demand is weak, the enthusiasm for inquiry is not high, the TDI market price continues to fall under the situation of blocked shipment, and the on-site pessimism spreads. It is expected that in the later stage, the TDI market will be weak to sort out and operate, and pay attention to the factory news.
| Melamine |