1、 Price trend
According to the data of the large scale list of business agencies, the average price of TDI market in East China on the 24th was 11133.33 yuan / ton, up 1.21% month on month. The TDI commodity index on June 24 was 58.91, unchanged from yesterday, down 76.25% from 248.02 (2016-10-19), the highest point in the cycle, and up 12.08% from 52.56, the lowest point on May 5, 2020. (Note: cycle refers to 2011-09-01 to now).
| ferric sulfate (Poly ferric sulphate) |
2、 Market analysis
On March 23, the domestic market continued to decline, with a significant decline in the market. Dealers continued to explore the offer, and the downstream mentality tended to be cautious. There was little heard about the on-site trading. At present, the market in East China continued to weaken, with the downstream mainly digesting inventory, the transaction was not smooth, and the market fell indefinitely. By the end of 24 days, the quotation of domestic goods with bills in East China is 10100-10400 yuan / ton, and that of Shanghai goods with bills is 10600-10800 yuan / ton.
| Azodicarbonamide (AC foaming Agent) |
On the upstream side, the toluene price was adjusted downward, the industry inventory was on the high side, the demand was weak, a small amount of on-site replenishment was just needed, the early inventory was mainly digested as a whole, the market transaction atmosphere was weak, considering the impact of the global economic recession on the crude oil demand, it is expected that the domestic toluene market will be stable in the short term.
3、 Future forecast
According to the analysis of the data division of the business agency: at present, the domestic TDI market is generally weak, with the downstream mainly digesting the inventory, the willingness to prepare goods before the festival is cold, and the market is empty. It is expected that the weakness of domestic TDI market will be sorted out in the later period, and the operation of the plant after the festival will be watched.
| povidone Iodine |