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2023-04-05 20:07:31[Biz info] SunSirs: TDI Price Trend Continued to Decline (March 25-31) According to monitoring data from SunSirs, the trend of TDI prices in East China continued to decline this week. On March 31, the average market price in East China was 17,700.00 RMB/ton, a decrease of 0.93% compared to the price of 17,866.67 RMB/ton on March 25, and a decrease of 9.23% compared to the beginning of the month.
Analysis review
This week, the TDI market was in a weak downward trend, with quiet information from suppliers and a tight supply of goods. The demand end market entered the off-season, with a general trading atmosphere in the downstream of TDI. There were few market inquiries, and the trade market was dominated by stalemate. In order to maintain the pace of shipment, some holders lowered their offers, and the focus of market transactions shifted downward. As of the 31st, the quotation range for domestic goods in the distribution market in East China was around 17,500 RMB/ton, and the quotation range for Shanghai goods was 17,600-17,700 RMB/ton. The actual orders were mainly negotiated.
The upstream toluene market fell first and then rose. As of March 31, the domestic average price of toluene was around 7,080 RMB/ton, an overall increase of 0.04% compared to the price of 7,050 RMB/ton on March 25. The supply of toluene in the market was relatively sufficient, and the downstream demand was general. During the week, the manufacturer adjusted its quotation based on its own shipment situation, and the price of toluene fluctuated forward.
Market outlook
The TDI data analyst from SunSirs believes that the TDI market had sufficient supply, downstream demand was weak, terminal market trading was sluggish, and the market lacked effective benefits. In addition, the downstream had a conflicting attitude towards high-priced supplies, resulting in a stalemate in the TDI market under the supply and demand game. In the short term, TDI prices will be weak and volatile, and specific attention should be paid to the follow-up of downstream.# TDI# #toluene#
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Started in the year 2009, SunSirs is a well-diversified market intelligent company in China & Aboard, offering an integrated price, news and research sharing platform in bulk commodities. SunSirs believes in growing with its clients step by step and create mutual beneficial relationship. It’s about having a firm step to go that extra mile and it’s about making customers and cooperators as a part of community. At SunSirs, we provide an integrated internet platform of benchmark prices, analysis, news, consulting and conferences across 8 vital industries in China, including energy, chemical, rubber and plastics, non-ferrous metals, steel, textile, building materials and agricultural and sideline sectors. Headquartered in Hangzhou and subsided in pan China presence, we have extensive network and deep-rooted relationships in China manufacturers, wholesalers and retailers. With overseas offices in the US, the Netherlands, Korean and the well-built sales network, we serve our customers in the global metal ecosystem. At SunSirs, we help you ‘Access to Real China Market’ from a global perspective. Our Chinese version SunSirs (100ppi.com) has the largest number of commodities in China even in global. It is highly systematic, standard and easy to read. Also, our company has succeeded in predicting the economy’s turning points many time, which is around half month earlier than HSBC’s PMI. It indicates that SunSirs Index steps in the mature stage. SunSirs Index is the leading and authority economic measure of micro and macro economy, and widely applied by financial institutions, researchers, manufactures and individual investors. -
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