TDI market in early January

According to the monitoring data of the Business News Agency, the price trend of TDI in East China rose slightly in the first ten days of January. On January 10, the average market price in East China was 19066.67 yuan/ton, up 1.42% compared with the price of 18800.00 yuan/ton at the beginning of the month, and up 11.72% month-on-month.

 

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In the first ten days, the TDI market was waiting and sorting out, and the downstream demand continued to be weak. Just after entering the market, the inquiry was needed, and the follow-up was slow. The supply side of the market was filled slowly, and the supplier’s mentality was firm. The trade market offer was high, and the low price offer on the market was few. After the New Year’s Day, the traders’ offer moved up slightly. As of the 10th day, the price range of domestic goods in the distribution market in East China was around 18700-18800 yuan/ton, and the price range of Shanghai goods was 19000-19200 yuan/ton, It is mainly based on negotiation.

 

The upstream toluene market is stronger and the price trend has risen sharply. As of January 10, the domestic average price of toluene was around 6460 yuan/ton, up 9.12% from 5920 yuan/ton at the beginning of January. The crude oil price fell first and then rose, the raw material support was weak, the downstream warehouse was built in advance for stock, the purchasing enthusiasm increased, the demand performance was good, and the focus of the toluene market was up.

 

According to the aftermarket analysis, TDI statisticians of the business agency believe that the current market news is quiet, the TDI spot filling is slow, the supplier support continues to be good, the trade market offer is firm, the downstream or replenishment operation is close to the Spring Festival holiday, and the supplier market occupies the leading position. In the short term, the TDI market is high and firm, and the specific follow-up of the downstream is concerned.

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