According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has fluctuated and fallen this week. As of June 6th, the average market price in East China was 12133 yuan/ton, and on June 2nd, the average price was 12266 yuan/ton. It fell 1.09% within the week and 18.57% year-on-year.
This week, the focus of the TDI market has slightly shifted downwards. During the week, the equipment of major factories remained at its original level, and the supply side remained stable. The supplier has a strong willingness to raise prices, and intermediaries have accelerated their delivery speed, resulting in a slight decrease in prices. Downstream demand is the main factor, entering the market at low prices, and high-level supply is not smooth. Under the game of supply and demand, the TDI market has made a slight adjustment.
Supply side: Fujian and Gansu are operating at medium to high loads. BASF in Shanghai will begin maintenance in mid May and is expected to restart in early June. The 300000 ton/year TDI plant in Fujian will undergo maintenance in early June, lasting for 45 days.
Cost wise: The price of toluene has increased, with an average price of 5550 yuan/ton at the beginning of the week and 5628 yuan/ton over the weekend, representing a 1.43% increase during the week. Downstream on-demand procurement, the overall trading atmosphere in the spot market is weak.
Market analysis shows that the TDI data analyst from Shengyi Society believes that the current trading atmosphere in the TDI market is average, with limited support from the demand side. The market needs more guidance from news sources and closely monitors changes in market supply and demand. It is expected that the TDI market will operate weakly in the short term.
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