SunSirs: TDI Market First Rose and Then Fell in October

https://www.chemnet.com   Oct 31,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic TDI market was in a stalemate in October. At the beginning of the month, the average TDI market price was 13,050 RMB/ton, and on October 30th, the TDI price was 13,100 RMB/ton, with a monthly increase of 0.38% and a year-on-year decrease of 25.99%.

Analysis review

The performance of the domestic TDI market in October was average, with a sluggish peak season and weak price increases. The TDI market in October was greatly affected by the demand side, and downstream demand was weak. In order to stimulate sales, prices were prone to decline but difficult to rise, and the focus of transactions slightly loosened. The overall market trading was cautious, and the mentality of industry players was poor, with prices fluctuating slightly around 13,000 RMB/ton.

The upstream toluene market first rose and then fell. As of October 30th, the domestic average price of toluene was around 5,888 RMB/ton, a decrease of 0.22% from the price of 5,890 RMB/ton on October 1st. Driven by the continuous rise in the external market during the month, the toluene market made up for the post holiday gains. However, downstream follow-up was insufficient and lacked demand support, resulting in weak growth in the toluene market. After the holiday, there were more arrivals in the port market, leading to an increase in market supply. Under the influence of sufficient supply, the toluene market rose and then fell back.

Market outlook

The TDI data analyst from SunSirs believes that in October, the overall volatility of the TDI market was limited due to the constraints of raw materials and limited demand boost. Transactions remained light, and the Silver October market ended flat. It is expected that the TDI market will operate to be weaker in the short term, and specific attention should be paid to downstream purchasing follow-up.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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