Price Trend
On July 28, the TDI commodity index was 72.66, unchanged from yesterday, down 70.70% from the cycle peak of 248.02 points (2016-10-19), and up 20.76% from the lowest point of 60.17 on February 22, 2016. (Note: Period refers to 2011-09-01 to date).
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II. Market Analysis
Product: According to statistics, TDI price trend in East China market is rising. TDI price in East China market rose 2.43% on 29th to 14066.67 yuan/ton. The market of TDI in East China has been shaken and tidied up. There is a strong atmosphere of on-site wait-and-see. All parties pay close attention to the status of factories. At present, the quotation of domestic goods with tickets is 13600-13700 yuan/ton, and that of Shanghai goods with tickets is 13700-13800 yuan/ton.
| PVA 1788 (PVA BP17) |
Industry chain: Upstream toluene, compared with the previous trading day, Sinopec’s enterprises today’s toluene listing price unchanged. Shandong Geotechnical Refining Enterprises have a stable listing price today. Traders have raised their quotations today, and the price in East China is about 5550 yuan per ton. As for nitric acid, the market demand is still acceptable and the market is stable for the time being.
Industry: Last week, the domestic TDI market fell first and then rose. The factories were flat and stable. The pressure was low. With the instability of Wanhua’s plant and the announcement of Yinguang’s maintenance plan, the mentality of the traders boosted the offer. Basf and Wanhua announced the closing price one after another. The traders watched cautiously.
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III. Price Forecast
TDI business analysts believe that the short-term domestic TDI market is stable and relatively strong, focusing on factory information surface guidance.