SunSirs: The Center of TDI Market Prices Had Shifted Downwards This Week (September 2-6)

https://www.chemnet.com   Sep 09,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the TDI market in East China haD been weakly declining this week. As of September 16th, the average market price in East China was 13,700 RMB/ton, and as of September 2nd, the average price was 14,100 RMB/ton. The weekly decline was 2.84%, and the year-on-year decline was 24.17%. ?

Analysis review

This week, the TDI market had been weak and declining, with weak downstream demand. In order to stimulate sales, supplier prices had loosened. The mentality in the market was weak, and there was temporarily no clear positive signal in the market. The focus of transactions this week had shifted downwards.

The upstream toluene market continued to decline, with a prominent contradiction between supply and demand, a weak market atmosphere, and low enthusiasm for downstream market entry. This had led to a strong market sentiment and a continuous decline in the toluene market.

Market outlook

The TDI data analyst from SunSirs believes that the TDI market was significantly constrained by demand, and the attitude of suppliers to support prices had weakened. Under the guidance of weak and unprofitable news in the future, it is expected that the TDI market will operate to be weaker in the short term.

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