Price Trend
According to the data of business associations, the price trend of domestic TDI market declined slightly this week. At the beginning of the week, the average market price in East China was about 13,000 yuan/ton. At the end of the week, the average market price in East China was about 12,800 yuan/ton. Within the week, the decline was 1.54%, which was 57.76% lower than the same period last year.
II. Market Analysis
Products: This week, the TDI market in East China is weak, the price trend is down, the atmosphere is still light, the mindset of the operators is weak, and the stability of the offer is the main way to negotiate shipment. As of the 6th, China’s domestic goods with tickets out of the warehouse offer reference 13000-13100 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 13200-13300 yuan/ton, a single talk, the actual negotiations.
| POLYVINYL ALCOHOL FIBER |
Industry chain: The price trend of nitric acid in upstream is stable, and the market price remains stable at about 1600 yuan/ton in a week. The mainstream quotation of nitric acid in Jiangsu is 1600 yuan/ton, and the quotation is temporarily stable. The demand of nitric acid market is general. The quotation of the manufacturer is basically stable, and the quotation of individual manufacturer is somewhat loose. The nitric acid shipment situation is general. Influenced by the rise of crude oil upstream, the decline of port stocks and the improvement of market turnover, toluene market prices rose sharply this week. At present, the mainstream price in East China is around 6130 yuan/ton, up 6.79% from 5740 yuan/ton at the beginning of the week. According to the feedback from traders, the trading volume fell slightly from last week, and the port inventory dropped by about 7,000 tons to about 27,000 tons.
Industry: With the arrival of the traditional peak season in September, Sino-US trade has made TDI and downstream industries export a little laborious. The terminal digestion speed of TDI is not as fast as before, the market demand is weak, the domestic TDI market is weak, the inquiry trade is still weak, the price is low, the turnover is small, a small number of orders follow-up, the mindset of the industry is weak.
| PVA FIBER |
3. Future Market Forecast
According to the data analyst of business associations, the domestic TDI market is weak, the overall atmosphere in the field remains light, and follow-up transactions are scarce. It is expected that the TDI market will be disadvantaged in the later period.
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