April TDI market price shocks downward

According to the data of the business club’s block list, the price of TDI in East China was weak in April. The average price of TDI was 16750.00 yuan / ton at the beginning of the month, 15666.67 yuan / ton at the end of the month, and decreased by 1083.33 yuan / ton, down 6.47%. As of the 30th, the domestic TDI market offers reference 14300-14500 yuan / ton for domestic goods and 14500-14700 yuan / ton for Shanghai goods.

In the first ten days of April, the TDI market was stable and down, the market was stable and slightly moving, the atmosphere in the market was light, the downstream inquiry enthusiasm was not high, and a small number just needed to follow up. As of the 15th, in East China, the reference price of domestic goods with tickets was 15300-15500 yuan / ton, and the reference price of Shanghai goods with tickets was 15700-15800 yuan / ton. In late April, the price trend of TDI in East China continued to decline, the offer of goods holders continued to decline, the price of dealers coexisted with high and low price, there was a strong wait-and-see atmosphere in the market, the enthusiasm of downstream market entry was not high, the purchase intention was low, and the market price continued to decline.

The upstream toluene market continued to rise, up 4.32% in the month, from 5461.00 yuan / ton to 5697.00 yuan / ton. Affected by the high volatility of crude oil price, the rise of external price supported the price rise of toluene spot market, but the downstream follow-up was weak, the demand side was weak, the rise of toluene was limited, and the future market rose slightly.

According to the TDI data analyst of business agency, the TDI market is currently in a stalemate. The trading atmosphere in the market is weak. The quotation in the distribution market is mainly on the lookout. The replenishment in the downstream before the festival is coming to an end, and there is no obvious fluctuation in the demand side. It is expected that the TDI market will be on the lookout in the future and pay attention to the guidance of other factories.