According to the Commodity Market Analysis System of Shengyi Society, TDI prices in East China have steadily increased this week. As of August 9th, the average market price in East China was 14100 yuan/ton, which is the same as the price of 13633 yuan/ton on August 5th, and has risen by 3.42% this week.
This week, the TDI market continued to rise, with one production line in Gansu Yinguang shutting down during the week and two lines entering a state of complete shutdown and maintenance over the weekend. The supply side tightened, and at the same time, overseas suppliers had a strong willingness to raise prices, pushing up prices slightly multiple times. The market’s transaction center continued to shift upward. Downstream demand remains stable, with rigid demand as the main factor, and favorable supply side conditions boosting TDI prices.
The upstream toluene market continues to decline, with crude oil prices falling within the week, dragging down market sentiment and overall bearish market sentiment. On the supply side, with the increase of port cargo, the supply is relatively loose, which affects the bearish market atmosphere.
According to the analysis of the future market, the TDI data analyst from Shengyi Society believes that the current TDI market trading is stable, and with the supply side’s good news coming out in the future, it is expected that the TDI market will consolidate and operate in the short term.
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