According to the Commodity Market Analysis System of Business Society, the price trend of TDI in East China continued to rise this week. On August 6th, the average market price in East China was 19000 yuan/ton, an increase of 1000 yuan/ton compared to 18000 yuan/ton on July 31st, an increase of 5.56% during the week.
| Gamma-PGA (gamma polyglutamic acid) |
The domestic TDI market has shown a strong upward trend, mainly due to favorable supplier support. At the beginning of the week, the 160000 ton BASF plant in South Korea temporarily stopped on July 30, and later on, the Mitsui TDI plant in Japan was affected by a typhoon. Foreign supply was tight, and domestic orders were improving. At the same time, news of tight supply from Shanghai factories and a reduction in the load of a large plant in North China was released, resulting in a tight spot supply on the market. The factory’s attitude towards supporting the market was obvious, and the trade market followed suit, Holders’ offers continue to rise, with downstream suppliers following up on demand. The enthusiasm for entering the market for purchasing is moderate, with strong supplier support, and TDI prices moving up broadly.
The upstream toluene market continues to rise, with the domestic average price of toluene at around 7990 yuan/ton as of August 6th, an overall increase of 1.65% compared to the price of 7860 yuan/ton as of July 31st. On Friday, international crude oil prices continued to rise, driving up the price of toluene. At the same time, downstream expectations were expected to operate at high levels, providing support for toluene. The supply and demand side is strong, and the toluene market is on the rise.
In the future market analysis, TDI data analysts from the business agency believe that downstream follow-up is needed, market trading is still acceptable, supply side spot is tight, factories’ intention to support the market remains unchanged, and holders follow the market. The offer is firm, and the supply side on the market is strong. It is expected that the short-term TDI market will consolidate at a high level, and specific attention will be paid to the release of supplier information in the future market.
| http://www.lubonchem.com/ |