1、 Price trend
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According to the data from the large business club list, the price trend of TDI in East China continued to decline in November. At the beginning of the month, the average price of TDI market was 16666.67 yuan / ton, and the average price of TDI at the end of the month was 12933.33 yuan / ton, with an overall decline of 22.40% and an increase of 11.49% over the same period of last year.
2、 Market conditions
This month, the domestic TDI market price continued to decline. Driven by the continuous downward adjustment of the factory guidance price, the bearish sentiment in the market continued and the market fell significantly. Driven by the rise of related products polyether, some downstream suppliers had the mentality of preparing goods, and the market was full of low-cost goods. They accepted the high price on the low side, and the purchasing enthusiasm was weak, and the main market had great resistance to trading. In the later stage, polyether rose again, and the price continued to rise, which put great pressure on the downstream sponge factories. The purchase was mainly based on the previous inventory or on-demand procurement, and the TDI market attitude was cautious. As of the 30th, the quotation of domestic goods in East China is 12500-12800 yuan / ton, and the quotation of Shanghai goods with bill of lading is 13000 yuan / ton.
In this month, the price of nitric acid in the upstream of TDI was stable and upward, and the market price was 1800 yuan / T by the end of the month. The market demand was weak and stable, and the manufacturer’s quotation was flexible, and the market was stable in the later stage. The price trend of toluene in the upstream was fluctuating and upward, the port inventory was still high, the pressure of de stocking was not reduced, the downstream demand was general, and the market trading was not active At about 3580 yuan / ton, the price of toluene in the domestic market is expected to maintain a volatile trend in the later period.
3、 Future forecast
According to the analysis of the Data Engineer of the business agency, at present, the TDI market is weak and rigid, the mentality of the operators is rigid, the mentality of dealers is becoming more cautious, and the downstream demand begins to enter the off-season. It is expected that the short-term TDI market will continue to organize and operate, and pay attention to the factory policy guidance.
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