Suppliers pull up TDI price

1、 Price trend

The average price of TDI market in East China on the 18th was 14000.00 yuan / ton, up 10.53% compared with yesterday and 1.94% higher than last year, according to the data from the bulk list of business agencies. On August 18, the TDI commodity index was 74.07, up 7.05 points from yesterday, 70.14% lower than 248.02 points (2016-10-19), and 40.92% higher than the lowest point of 52.56 points on May 5, 2020. (Note: period refers to 2011-09-01 to now).

2、 Market analysis

Last week, suppliers intensively released good news. TDI raised the weekly guidance price of manufacturers for three consecutive weeks, and the quotation of kosstro rose last Thursday, and Wanhua stopped receiving orders on Friday. In addition, the supply side intended to pull up, the market continued strongly this week. Wanhua chemical’s guiding price this week was increased by 2000 yuan to 15000 yuan / T. under the sharp pull-up of the factory guidance price, the dealers followed the factory’s offer. At present, the East China market is in a high consolidation level, and the enterprise’s offer remains at a high level. As of the 18th, the quotation of domestic goods with bill of lading in East China is 13500-14000 yuan / ton, and that of Shanghai is 13700-14500 yuan / ton.

On the upstream side, the trend of toluene market is stable. Affected by the lower demand for blended oil and solvent in the downstream, the demand for toluene is weak, and the trading atmosphere is weak. On the other hand, the international crude oil has been pushed up and down, which is generally stable. Considering the impact of economic recovery on crude oil demand and the trend of international crude oil, the toluene market may fluctuate slightly.

3、 Future forecast

According to the data analysis of the business agency: at present, the domestic TDI market tends to be strong. After the factory guide price rises sharply, the dealers follow the factory’s offer to a high level. The downstream side resists the high price. The business operators are cautious and the supplier’s support is obvious. In the short term, the domestic TDI market may be consolidated at a high level.