TDI prices continue to decline (5.18-5.24)

According to the Commodity Market Analysis System of Business Society, the TDI price trend in East China continues to decline. On May 24th, the average market price in East China was 17500 yuan/ton, a decrease of 7.89% compared to the price of 19000 yuan/ton on May 18th, and a decrease of 10.26% compared to the beginning of the month.


Sodium Molybdate

The domestic TDI market is operating in a weak state, with low downstream demand and average purchasing enthusiasm. There are few new orders traded on the market, and there are expectations of an increase in supply side production capacity. The trade market is bearish, and in order to stimulate shipment, TDI offers continue to decline. As of the 24th, the price range for domestic goods in the distribution market in East China is around 17000-17300 yuan/ton, while the price range for Shanghai goods is 17300-17500 yuan/ton, with real order negotiations being the main focus.


Upstream toluene market consolidation operation, as of May 24th, the domestic average price of toluene was around 7070 yuan/ton, an overall increase of 0.71% compared to the price of 7020 yuan/ton on May 18th. The international crude oil price has risen, and the upstream support for toluene is good, but the downstream realization is weak. The actual order negotiation is average, and manufacturers adjust their prices based on their own shipment situation within the week. The trend of toluene fluctuates slightly.


After market analysis, TDI data analysts from the Business Agency believe that the increase in supplier capacity has an impact on the TDI market. The bearish atmosphere in the TDI market is obvious, and the trade market mentality is pessimistic. Holders are stimulating shipments, and prices are falling. Terminal downstream trading is limited, and demand procurement is insufficient. The market lacks positive news. In the short term, TDI will continue to consolidate its weakness, and we will follow up on specific details.

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