1、 Price trend
| Sodium Molybdate |
The average price of TDI market in East China on March 3 was 11833.33 yuan / ton, up 5.97% compared with yesterday and 16.47% lower than last year, according to the data from the bulk list of business associations. On August 3, the TDI commodity index was 62.61, up 3.53 points compared with yesterday, 74.76% lower than 248.02 points (2016-10-19), and 19.12% higher than 52.56 points, the lowest point on May 5, 2020. (Note: period refers to 2011-09-01 to now).
2、 Market analysis
Last week, suppliers intensively released good news. Under the export increment, the on-site supply was tight, and the factory supply was tight. The domestic TDI market hit the bottom and rebounded, and the on-site rise was obvious. The weekly guidance price was greatly increased. Most dealers followed the factory’s offer and reached a high level. On August 3, the dealer’s price increased by 500-1000 yuan / ton. At present, the East China market is on the rise in a narrow range, and the manufacturers are making more offers at a high level. The downstream companies are mainly waiting for follow-up. As of the 3rd day, the reference for outbound offer of domestic goods with bill of lading in East China is 11500-12300 yuan / ton, and that of Shanghai is 11800-12500 yuan / ton.
| Chitosan oligosaccharide |
On the upstream side, the market situation of toluene rebounded slightly. Affected by the lower demand for blended oil and solvent in the downstream, the demand for toluene declined, the trading atmosphere was not active, the port inventory remained high, and the progress of destocking was slow. The overall digestion of early inventory was dominated, the market trading atmosphere was weak, and a small amount of just needed replenishment. Considering the impact of economic recovery on crude oil demand and the trend of international crude oil, in the later stage The domestic toluene market may fluctuate slightly.
3、 Future forecast
According to the analysis of the Data Engineer of the business agency, at present, the domestic TDI market is in a strong trend, the market supply is tight, the manufacturer’s offer is high, the dealers also follow the factory’s quotation, and the supplier is supported by good news. It is expected that the domestic TDI market will continue to rise in the future, and pay attention to the policy guidance of the city’s factories.
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