SunSirs: On October 8, TDI Market Rose Strongly
October 09 2022 10:18:08 SunSirs (John)
Price trend
On October 8, the average TDI market price in East China was 21,225.00 RMB/ton, 5.73% higher than that before the National Day, and the market price rose strongly.
Analysis review
According to market news, Shanghai Covestro raised its opening quotation in October, and still limited its supply. The factory had a firm attitude supporting the market. The spot supply in the market was tight, and the merchants holding goods were reluctant to sell. The offer was raised along with the factory, and some merchants had closed the offer for the time being. The downstream side was wait-and-see, and the inquiry followed up was on demand. The dominant position of the market supplier was obvious, and the TDI price was high and firm.
Market outlook
In the short term, the TDI market will continue to operate at a high level, focusing on market supply and downstream follow-up.
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