On July 19, the average market price of TDI in East China was 17275 yuan / ton, down 0.29% from the previous working day, and the market continued to be weak. The inventory of major factories is not under pressure, the mentality of supporting the market is dominant, the downstream demand is weak, and a few just need to be followed up. Due to the repeated impact of the epidemic in some regions, the market trading atmosphere is light, the shippers give up profits to negotiate shipments, the quotation is reduced, and the mentality of the operators is partial to deadlock and wait-and-see. At present, the quotation range of dealers in East China is about 16700-17100 yuan / ton for domestic goods and 17000-17400 yuan / ton for Shanghai goods.
It is expected that the short-term TDI market will continue to be weak and the price will decline. Specific attention will be paid to market supply and downstream follow-up.
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