I. price trend
The TDI commodity index on November 25 was 61.38, down 1.23 points from yesterday, 75.25% from 248.02 (2016-10-19), and 2.01% higher than 60.17, the lowest point on February 22, 2016. (Note: cycle refers to 2011-09-01 to now)
II. Market analysis
| PVA 0599 (PVA BF05) |
Products: according to the statistics of the business agency, the trend of TDI price in East China market was reduced narrowly on the 25th, and the average price of TDI in East China market was 11600 yuan / ton, down 1.97%. TDI market in East China is weak, the atmosphere in the market remains light, the operation is sluggish, the supply side information is not clear temporarily, all parties pay attention to the factory information, the overall offer of the industry is stable and wait-and-see, a single negotiation, negotiation of shipment is the main thing. At present, the quotation of domestic goods with bills is 11100-11200 yuan / ton, and that of Shanghai goods with bills is 11300-11500 yuan / ton.
Industrial chain: on the previous trading day, the listing price of toluene of Sinopec’s enterprises was flat today. The listing price of Shandong refining enterprises was raised today, about 5700 yuan / ton. The quotation of traders in East China was stable, about 5750 yuan / ton. In terms of nitric acid, the price trend in East China is stable at present, and the weak quotation of manufacturers tends to be stable. Nitric acid market demand is still weak, the market is weak and stable, and weak consolidation is expected in the later stage.
| PVA |
Industry: last week, the domestic TDI market was weak and volatile. There was a lot of bad news from the suppliers. They continued to be willing to ship. Some factories abandoned the price and guaranteed the quantity. The overall market mentality was frustrated. They continued to report a low profit and delivered the goods. The focus of the delivery and investment moved down slightly. The downstream psychology was still strong. Only a small amount of follow-up was needed. The overall mentality of the operators was pessimistic. It is expected that the domestic TDI market will be weak and volatile this week. They will pay attention to the information from the suppliers 。
III. price forecast
TDI analysts of business club think that TDI market is waiting to be sorted out, the supply side information is not clear for the moment, and the downstream follow-up is still sluggish. It is expected that this week TDI market is weak to be sorted out, and pay attention to the factory information side guidance.
| POLYVINYL ALCOHOL |