SunSirs: The TDI Market Experienced a Slight Decline This Week (November 11-15)

https://www.chemnet.com   Nov 18,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, TDI in the East China region performed weakly this week, with prices slightly falling. As of November 15th, the average market price in the East China region was 12,850 RMB/ton, and on November 11th, the average price was 12,950 RMB/ton. The weekly decline was 0.77%, and the year-on-year decline was 23.96%.

Analysis review

This week, the TDI market has been running weakly, with upstream units operating relatively stably and downstream entry enthusiasm low, resulting in low transaction volume. Traders were more active in shipping and have increased the room for negotiation, leading to a shift in the focus of TDI prices.

Supply side: Domestic equipment was in a stable state, and the preliminary inspection equipment also returned to normal.

Cost wise: The upstream toluene market continued to decline, downstream demand remained weak, toluene continued to loosen and soften, and trading was weak.

Market outlook

The TDI data analyst from SunSirs believes that the TDI market atmosphere was relatively pessimistic, with all the positive supply points exhausted. With the negative impact on the demand side in the future, it is expected that the TDI market will operate to be weaker in the short term.

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