SunSirs: On September 21, the TDI Market Was on the Strong Side
September 22 2022 10:39:57 SunSirs (John)
Price trend
On September 21, the average TDI market price in East China was 19,450 RMB/ton, an increase of 0.26% compared with the previous working day, and the market conditions were sorted up.
Analysis review
According to factory news, a factory in Shanghai was closed due to low inventory levels, and a large factory in the north was temporarily not accepting orders in late September. The spot in the market continued to be tight, and the stockholders had a strong mentality of closing the offer and reluctant to sell, and the price was high and firm. The downstream side was mainly in a wait-and-see mentality, and a small number of downstream companies were looking for low-priced sources to purchase and followed up. The dominant position of the supplier is obvious. On the 21st, the price range of dealers in East China was about 19,000-19,500 yuan/ton for domestic products, and 19,500-19,800 yuan/ton for Shanghai products.
Market outlook
In the short term, the TDI market will continue to run at a high level and remains strong, with specific attention to market supply and downstream follow-up.
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