SunSirs: TDI Market Remained Stable at a Low Level This Week (November 18-22)
November 25 2024 09:11:09 SunSirs (John)
Price trend According to the Commodity Market Analysis System of SunSirs, the TDI market in East China remained stable but declined slightly this week, with a slight decrease in the actual transaction center. As of November 22nd, the average market price in East China was 12,650 RMB/ton, and as of November 18th, the average price was 12,650 RMB/ton. There was no increase or decrease during the week, with a year-on-year decrease of 26.02%.
Analysis review
This week, the TDI market had been running at a low level, with relatively quiet trading on the market. As the end of the month approached, the supplier's awareness of price increases, and traders maintained stable sales. However, the positive news support was insufficient, and the overall TDI price had slightly decreased.
Supply side: Shanghai Covestro's 310,000 ton plant had been shut down for maintenance, while Xinjiang Juli had upgraded its production capacity to 200,000 tons per year, but the operation of the plant was unstable.
On the cost side, the upstream toluene fluctuated within a range, and the overall performance of supply and demand was weak, which provided moderate support for TDI.
Market outlook
The TDI data analyst from SunSirs believes that the TDI market was dominated by demand, and with no significant fluctuations in supply side equipment, demand remained weak. It is expected that the TDI market will maintained weaker performances in the short term.
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