Price trend

According to the Commodity Market Analysis System of SunSirs, the average TDI market price in East China on August 17th was 19,100.00 RMB/ton, an increase of 1.24% compared to the previous working day of 18,866.67 RMB/ton, indicating a stronger market trend.

Analysis review

The factory's stock was tight, prices were firm, and suppliers were strongly supporting in the market. The market had learned that the latest executed price of TDI at a certain factory in Shanghai was 20,200 RMB/ton, with a month on month increase of 700 RMB/ton. The supplier's news guided the trade market's quotation to rise, and TDI prices had risen. Downstream parties had resistance to high prices, and purchasing in the market followed up on demand. The market supply and demand gamed, and the trading atmosphere was weak, which to some extent suppressed the increase of TDI.

Market outlook

The supply of goods was tight, and the supplier's mentality was relatively strong. It is expected that the short-term TDI market will consolidate and operate at a high level, and specific attention should be paid to the factory equipment situation.

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