According to the commodity market analysis system of the business community, the TDI price in East China has continued to rise since June. As of June 20, the average market price in East China was 17800 yuan/ton, 1800 yuan/ton higher than the price of 16000 yuan/ton on June 1, up 11.25% in the month.
The domestic TDI market operated strongly. At the beginning of the month, the market performance was quiet, and the price of the floor traders was mainly stable. Then, it was heard that a large factory in Shanghai cooperated with the park to reduce the load in early June. The attitude of the industry was bullish, and the TDI offer moved up. Later, BASF equipment parking in Shanghai, Covestro weekly executive price hike and other supplier information were released. The intention of the supplier to support the market was gradually obvious. The trade market followed the guidance of the big factory news, and the TDI offer continued to rise. The market supply was tight, There is strong bullish sentiment on the market, with TDI prices showing a significant upward trend.
The upstream toluene market is operating weakly, with the domestic average price of toluene at around 7110 yuan/ton as of June 20th, an overall decrease of 0.56% compared to the price of 7150 yuan/ton on June 1st. The international crude oil price is relatively strong, and the profit of toluene is declining. Affected by market pessimism, downstream demand is weak, and the market mainly focuses on purchasing hard demand. The toluene industry has a cautious attitude and adjusts prices based on inventory consumption, resulting in a weak and volatile toluene market.
After market analysis, TDI data analysts from the business agency believe that on the supply side, some factories have low load, and the market’s spot performance is tight. However, the market mentality has a significant impact, and the supply of goods is tight. Holders’ quotations are bound to rise. Downstream, due to the traditional off-season of the terminal market, demand follow-up is limited, and there is resistance to high priced TDI, which limits the increase in TDI. It is expected that the overall operation of the future market will be strong, with prices may fluctuate in a narrow range, Follow up on specific issues.
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