1、 Price trend
According to the data of the large scale list of business agencies, the price trend of domestic TDI market is stable this week. The average price of East China market in this week is 11700.00 yuan / ton, which is stable compared with the price of 11700.00 yuan / ton last weekend, down 18.37% year on year.
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2、 Market analysis
Products: this week, the domestic TDI market was stable and sorted out. The on-site spot delivery and investment were light, most of the operators entered the holiday state, and the shipping enthusiasm was general. Before the year, most of the logistics had been shut down, and the downstream successively shut down and delisted. The on-site delivery and investment atmosphere was light. By the end of July 17, China’s domestic goods delivered with bills had a reference price of 11400-11600 yuan / ton, while Shanghai’s goods delivered with bills had a reference price of 11700-11800 yuan / ton.
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Industrial chain: in terms of nitric acid, the price is temporarily stable this week. The average ex factory price in East China is 1583 yuan / ton in the week. The market of nitric acid industry is sluggish, the demand is not improved, the quotation of enterprises is basically stable, and the price trend is weak. It is expected that the nitric acid market will continue to be weak. In terms of toluene, affected by the easing of us Iraq relations and the factors of long holiday approaching, the market continued to adjust to a slight downward trend. At present, the mainstream price in East China is about 5600 yuan / ton. Affected by the approaching Spring Festival holiday, the toluene market is expected to continue to fluctuate steadily next week.
3、 Future forecast
According to the analysis of the data manager of the business agency, the TDI market is generally stable, the atmosphere near the holiday is light, the enthusiasm of dealers and downstream trading is gradually declining, the inquiry and purchase are weak, and the transaction is rare, waiting for the information guidance after the year. TDI market is expected to stabilize before the festival and pay attention to the factory news.
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