According to the bulk list data of Business Society, the domestic TDI price trend continued to decline in March. At the beginning of the month, the average market price of TDI was 19500 yuan/ton, and at the end of the month, the price was 17700 yuan/ton. Within the month, it was reduced by 1800 yuan/ton, an overall decrease of 9.23%.
In March, the TDI market experienced a weak decline. Downstream demand continued to be weak during the month, market inquiries were sluggish, and the trading market atmosphere was cold. There was a lack of willingness to support prices, and the industry was bearish. In order to maintain the pace of shipment, the TDI offer continued to move downwards, with a clear sense of pessimism on the market. TDI prices continued to decline.
The upstream toluene market has declined, with a price of 7080 yuan/ton at the end of the month, a decrease of 230 yuan/ton compared to the price of 7310 yuan/ton at the beginning of the month, and an overall decrease of 3.15%. The cost of naphtha has significantly declined, and the price of raw materials has slid. The market for toluene has also declined, while downstream terminal demand is less than expected. According to market news guidance, the price trend of toluene is weak and downward.
According to the TDI data analyst from the Business Society, downstream demand for TDI is sluggish, the atmosphere for inquiries on the market is light, and the supplier’s mentality is pessimistic. The TDI quotation is weak, resulting in a stalemate between supply and demand on the market. It is expected that TDI will fluctuate and consolidate in the future, and specific attention will be paid to downstream follow-up.
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