Price Trend
According to the data from the business associations’list, the price trend of domestic TDI market has been stable this week. At the beginning of the week, the average market price in eastern China was about 14,000 yuan/ton. At the end of the week, the average market price in eastern China was about 14,000 yuan/ton. During the week, the price was flat, down 58.80% year on year.
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II. Market Analysis
Product: This week, the TDI market in eastern China is deadlocked and the price trend is stable. This week, the atmosphere on the venue is still light, single transactions are not smooth, business offers remain stable and follow the market. As of the 19th, the quotation of domestic goods with tickets in East China is 13500-13700 yuan/ton, that of Shanghai is 13700-13800 yuan/ton, that of South China is 13600-13700 yuan/ton, that of Shanghai is 13800-14000 yuan/ton, and that of North China is 13700-13800 yuan/ton. 13400-13600 yuan/ton, Shanghai goods with tickets out of warehouse offer reference 13600-13800 yuan/ton.
Industry chain: The price trend of nitric acid in the upstream is stable, and the market price is about 1756.67 yuan/ton in a week, which is stable; the mainstream quotation of nitric acid in Jiangsu is 1720 yuan/ton, and the quotation is temporarily stable, and the demand of nitric acid market is still acceptable. The quotation of the manufacturer is basically stable, and the quotation of individual manufacturer is somewhat loose. The nitric acid shipment situation is general. The toluene market price was stable from the beginning of the week to the middle of the week. Driven by the drop in oil prices in the second half of the week, the price began to recover. At present, the mainstream price in East China is around 5400-5450 yuan/ton, with a drop of 0.34% in the week.
3. Future Market Forecast
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According to the analysis of business association data analysts: the domestic TDI market is stagnant, the overall atmosphere in the field is still depressed, the demand side lacks substantive support, the transaction follow-up is not smooth, and the main business is to make more offers to maintain stability and negotiate shipment. Short-term or moderate strong shocks are expected.