I. price trend

According to the data of the commodity list of business association, the formaldehyde Market in Shandong fell first and then rose in November. The average price of formaldehyde on November 1 was 1140.00 yuan / ton, and the average price of formaldehyde on November 20 was 1133.33 yuan / ton, down 3.32%. The current price fell 26.93% year on year.

II. Market analysis

Products: in November, the formaldehyde market fell first and then rose. As of 29, the main factory quotation in Hebei was about 940 yuan / ton, the main factory quotation in South China was about 1180 yuan / ton, the main factory quotation in Shandong was 1080 yuan / ton, and the main factory quotation in Jiangsu was 1200 yuan / ton. Hebei Zhengding Tengfei chemical formaldehyde parking maintenance. Formaldehyde market supply is acceptable, the market transaction is flat, and the price is temporarily consolidated.

Industrial chain: in November, the methanol market fell first and then rose. In the early stage, the domestic methanol market showed a downward trend, and the mainland and ports all fell to varying degrees. The port continued to be weak in the day, the futures market kept prices down, and spot buying maintained rigid demand. After the middle of the year, local downstream markets started to operate in succession, and the overall demand rose. In terms of the mainland market, local sales were stopped, and the atmosphere in some regions was fair, continuing to rise. The lower downstream plate enterprises have a lower operating rate and maintain rigid purchase. The formaldehyde price is affected by the upstream methanol, falling first and then rising.

III. future forecast

Recently, the upstream methanol market “probe”, supported by the cost side, the market turnover has recovered, the downstream market operating rate is average, and the formaldehyde market is mainly stable, so the formaldehyde analyst of the branch of business and chemical industry predicted that the recent domestic formaldehyde price or consolidation is mainly, not excluding the possibility of small increase.

I. price trend

Adipic acid market trend chart

According to the data of the business club’s bulk list, in November, the domestic adipic acid continued the weak market in October, and the price fluctuated and fell, with the monthly rise and fall of – 2.70%. By the end of the month, the mainstream price was generally 7700-7900 yuan / ton.

II. Analysis and comment

This month, the adipic acid market went out of shock and fell. According to the monitoring of the business association, adipic acid has been in a downward channel for three consecutive months, with a cumulative decline of 7.13% from September to November. At present, loose supply, weak demand and loss of cost support are the three main reasons for dragging the market. In November, the downstream demand of adipic acid was weaker, the downstream market of polyurethane and PA66 was depressed, and the operating rate was even lower; in addition, the steady increase of supply led to the increase of social inventory pressure, and the enterprise went to inventory for a long time, but the effect was not significant, so the price fell again and again. In terms of region, the markets of East China and South China have declined, ranging from 100-200 yuan / ton, which is narrower than that in October. The market atmosphere is slightly bleak, dealers are mainly active in shipping, and the market maintains a weak and volatile pattern. At present, the downstream market has a heavy wait-and-see mentality, the transaction is slightly deadlocked, and there is room for businesses to save and transfer profits. In addition, the upstream cost side lost the key support. Although pure benzene ended the slump in September October, the rebound effect is not ideal at present. The MDI of related products is also not optimistic, and the price remains weak. According to the monitoring of the business society, the rebound range of pure benzene in November is only 0.70% (as shown in the figure below), which is an important reason for the loss of support on the cost side of adipic acid and the price slump.

Trend chart of pure benzene Market

First of all, on the supply side, affected by the downturn of downstream purchase orders, the market supply only increased but not decreased, and many dealers said that the inventory pressure was large, the plant operating rate of manufacturers was high, the market inventory and the manufacturer’s inventory were increased, and the market was in a relatively low season, so now the downstream procurement is still rational, affected by this, the delivery of goods slowed down slightly in the middle and late November. Among them, there are also relatively low-cost sources flooding the market. There is a certain bargaining space for products, and the price difference between the market price offer and the firm offer remains. Dealers in North China, East China and South China adjust their quotations to varying degrees, and most regions maintain a stable market. Excessive supply pressure is an important reason why the price of adipic acid did not keep falling.

PA66 market trend chart

In terms of demand, the downstream procurement has not improved significantly, and PA66 has been a weak market for three months. Although the bottom was built in November, it has not rebounded. The operating rate is up to 50%, and the operating rate of downstream polyurethane is down again and again. At present, it is maintained at 40%, which does not form a strong boost to the upstream adipic acid. According to the monitoring of business society, the downstream PA66 of adipic acid has been in a weak market since September It continued to decline. Although it rebounded slightly in November, it only rose by 0.22%. In the current off-season market trend, the follow-up is still weak (as shown in the above figure). The downturn in the downstream market is the decisive factor for adipic acid to get out of the dilemma.

III. future forecast

Adipic acid analysts from the chemical branch of business society think that adipic acid has been out of the negative market for three consecutive months, and has not improved. At the same time, the whole chemical industry is also in a downward cycle. At present, the winter haze control has increased environmental protection efforts. The enterprise’s operating rate is low, and the downstream purchase volume is also low. The main melody is that the supply and demand are not booming, and the background of the chemical industry downturn is enveloping us The whole industrial chain of adipic acid, in addition, the lack of downstream demand is still the decisive factor for the rebound of adipic acid market, which is expected to be difficult to get out of the haze in a short period of years ago.

Commodity index: on November 29, the commodity index of polyaluminium chloride was 105.41, unchanged from yesterday, 3.30% lower than the highest point of 109.01 (2019-08-28) in the cycle, and 4.47% higher than the lowest point of 100.90 on April 09, 2019. (Note: cycle refers to 2019-04-01 till now)

Price quotation: for the main monitoring manufacturers of the business association, the main quotation of domestic polyaluminium chloride Market on July 1 is about 1950 yuan / ton. In the second half of 2019, after the high price caused by the shutdown from August to October, the current price has returned to 1950 yuan / ton on July 1. In five months, the lowest price is 1916.67 yuan / ton on July 20, and the highest price is 2016.67 yuan/ Tons, with a maximum amplitude of 5.22%. According to the monitoring data of the commodity by the business agency (100ppi. Com), the main quotation range of the domestic market of polyaluminium chloride mainly focuses on: the quotation with tax of 1800-2200 yuan / ton for polyaluminium chloride solid (industrial level, content ≥ 28%), and 390-450 yuan / ton for liquid (industrial level, content 10% – 12%).

Industrial chain: in the five months from July to November, when the manufacturer’s operating rate is high, production is normal, goods volume is sufficient and demand growth is stable, the supply is surplus and the price is down; in the middle of August, due to the influence of environmental protection and other factors, the manufacturer’s starting is limited, the supply of goods is reduced and the price is up, which continues until the late September. After the National Day in October, the production of polyaluminium chloride manufacturers returned to normal, and the supply of goods was relatively stable. In general, in addition to the sharp rise of polyaluminium price caused by the shutdown in the third quarter, the price of polyaluminium chloride decreased slightly in the fourth quarter, and the trend in November was similar to the extended version of “Z”. Among the upstream raw materials of polyaluminium chloride, the hydrochloric acid in North China monitored by the business agency rose by more than 100 yuan / ton in November due to the rise of upstream liquid chlorine and the difficulty in handling the transportation certificate. The quotation on November 1 was 173.33 yuan / ton, and rose to 290 yuan / ton on November 10. Downstream demand is stable this month, and the volume is sufficient.

Industry: since the end of July, this round of intermittent shutdown has basically ended, and the manufacturers have started to resume production. This round of shutdown cycle returns: 1. In late July, recently, the water purification and environmental protection enterprises in Yong’an Road sub district office of Gongyi City, Henan Province received the notice of shutdown, which requires that: Based on the analysis of the city’s environmental pollution and future pollution weather, the Municipal Office of tackling key problems requires all the depth The management enterprises will stop production and management before acceptance, and can resume production after dispatching or acceptance according to the key work office. 2. Stop production again after resumption of production: it will resume production for ten days in August, and start to stop production again on 15th. According to the manufacturer, the stop production is more affected by the National Games held in Zhengzhou on September 8th. The local environmental protection inspection is strict, and all local enterprises in Gongyi are required to stop production for environmental protection treatment and maintenance. 3. After the National Games on September 8, the local manufacturers did not receive the notice of commencement immediately, and the strict inspection of environmental protection was in progress. In late September, local manufacturers in Gongyi began to resume production one after another, and the supply of goods gradually returned to normal.

Future market forecast: according to the analysis of the business agency, in November, the production of polyaluminium chloride manufacturers was normal, the market supply was large, and the market price of polyaluminium chloride was stable and slightly decreased. The environmental protection inspection is relatively strict, and occasionally the production is stopped for a short time, but the production is not affected as a whole, the supply of goods is sufficient, and the possibility of a sharp rise in the future market price is unlikely, as well as the possibility of a sharp fall, which is still stable with small fluctuations.

I. price trend of lithium hydroxide:

The average price of lithium hydroxide as of November 25 was 66666.67 yuan / ton, down 1.48% compared with last Friday (November 22), according to the data in the bulk list of business agencies. In a three-month cycle, it fell 12.28% year-on-year.

II. Market analysis:

Product: on the 25th, the market of lithium hydroxide fell steadily. At present, the inventory of lithium hydroxide manufacturers is sufficient, the downstream demand is light, and the purchase is based on demand. The wait-and-see atmosphere is strong, and the willingness of manufacturers to ship increases. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun industry is 63000 yuan / ton, and that of industrial grade lithium hydroxide of Shanghai oujin industry is 63000 yuan / ton. The specific price will be discussed in a single way.

Industry chain: the upstream lithium carbonate market price fell on the 25th, down 0.81%. The supply of lithium carbonate market is sufficient, manufacturers are willing to ship, and the market of lithium carbonate is weak and consolidated. The market orders of downstream lubrication and battery industries decreased.

Industry: according to the price monitoring of the business agency, there are 9 kinds of commodities in the rise and fall list of bulk commodity prices on November 25, 2019, including 1 kind of commodity with an increase of more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top 3 commodities are acetone (7.57%), acrylic acid (2.69%) and styrene (1.15%). There are 12 kinds of commodities falling on a month on month basis, and the top three products are light soda (- 4.09%), chloroform (- 3.77%) and sulfuric acid (- 2.22%). The 25 day average rose or fell by – 0.06%.

3. Future forecast:

Analysts of lithium hydroxide of business club believe that the price of upstream lithium carbonate market is down and the cost support is weak. At present, the supply of goods in the market is sufficient, but the follow-up power of downstream consumption speed is insufficient. It is expected that the lithium hydroxide Market will be weak and stable in the short term.

I. price trend:

According to the monitoring data of business agency, acetic anhydride market fell slightly this week. As of November 25, the average price of acetic anhydride enterprises was 4800.00 yuan / ton, down 62.50 yuan / ton, or 1.29% compared with 4862.50 yuan / ton at the beginning of the week (November 18), and down 31.10% compared with the same period last year.

II. Market analysis:

Product analysis:

The price of acetic acid, the raw material of acetic anhydride, fell in shock last week, while the price of methanol rose in shock. The demand for acetic anhydride is general, the operating rate of acetic anhydride manufacturers is maintained, the supply of acetic anhydride is stable, the downstream procurement enthusiasm is general, the customers purchase on demand, the overall market of acetic anhydride is mixed, the downward pressure of acetic anhydride market is still there, and the upward momentum is insufficient.

Industry chain factor analysis:

It can be seen from the figure that the price of acetic acid fell last week, the price of acetic anhydride raw material acetic acid fell, the pressure of acetic acid price drop increased, the cost of acetic anhydride fell, and it was bad for acetic anhydride. The cost of acetic anhydride enterprises decreased, and the downward pressure of acetic anhydride market increased, and the upward momentum was insufficient.

In terms of methanol, last week’s methanol price fluctuated, and the methanol market recovered. The overall cost of methanol acetic anhydride rose, and the overall market of acetic anhydride was good. From the figure, the increase of methanol was less than the decrease of acetic acid, and the increase power of acetic anhydride was insufficient, and the pressure was large. Overall, the negative pressure on acetic anhydride raw materials is greater than the positive momentum, and it is expected that the market will be weak and stable in the future.

3. Future forecast:

According to Bai Jiaxin, an analyst of acetic anhydride data of business association, acetic anhydride raw material acetic acid market fell last week and methanol market rose. The price of acetic acid fell last week and the pressure of acetic acid price fell increased. The rise of methanol price volatility is good for acetic anhydride market. The overall raw material market is bad for acetic anhydride market and the pressure is greater than the good power. In terms of downstream customers, acetic anhydride demand is general and tourists are not good The demand for acetic anhydride is limited. In general, the downward pressure of acetic anhydride is greater than the upward momentum, and it is expected that the price of acetic anhydride will be weak and stable in the future.

I. price trend

According to the data of business agency, the average ex factory listing price of oil-based glycol in North China on November 22 was 4800 yuan / ton, up 0.7% from last week.

At the beginning of this week, the price of ethylene glycol single can in East China was 4675 yuan / ton. After several days of rising, it fell to 4692.5 yuan / ton on Thursday.

II. Analysis of influencing factors

The total domestic operating rate this week was 68.29%, up from last week. The starting load of downstream polyester plant is about 86.54%, slightly lower than last week.

As of Thursday, the main port of East China’s glycol port inventory was about 411300 tons, down 15700 tons from Monday, down 4.26%. This week, the cumulative delivery volume of glycol in the main port is 46100 tons, and the late arrival volume is about 280000 tons.

III. future forecast

Glycol analysts of business news agency believe that although the delivery of glycol is not good this week, but the arrival volume is far lower than expected, so the continuous inventory reduction has boosted market confidence. In the later stage, the manufacturer started work stably, and there was pressure for the new device to be put into operation, which would suppress the price of glycol to a certain extent. It is worth noting that due to the delay factor, the arrival volume of ethylene glycol will increase significantly next week. At that time, if the delivery is still not improved, it will lead to the increase of port inventory and the decline of price.

Price trend

China’s liquefied natural gas fell for 12 consecutive days from November 2, stopped falling and rising on November 14, and ushered in a new round of price rise. According to the data monitoring of business agency: on November 1, the average price of LNG was 4750 yuan / ton, and on November 13, the average price was 4046.67 yuan / ton. The LNG price dropped 14.81% for several days, while on November 14, the LNG price rebounded, the average price was 4090 yuan / ton, 1.07% higher than the previous day, and 8.35% lower than the same period last year.

At present, LNG price rebounds

Product: according to the data monitoring of business agency, as of November 14, the LNG price of Inner Mongolia Erdos Star Energy Co., Ltd. is 4100 yuan / ton, and the LNG price of Inner Mongolia etokeqian banner Shitai Natural Gas Co., Ltd. is 4020 yuan / ton. The LNG price of Xinjiang Qinghua Energy Group Co., Ltd. is 4000 yuan / ton, that of Zizhou LNG plant of Shaanxi Lvyuan Natural Gas Co., Ltd. is 4100 yuan / ton, that of Xinjiang guanghuinaomao Lake (east of Lanzhou) is 2900 yuan / ton, that of Shanxi Qinshui Xinao is 3850 yuan / ton, that of Dazhou Huixin energy is 3700 yuan / ton, and that of Shaanxi Zhongyuan lvneng Natural Gas Co., Ltd At 4150 yuan / ton, liquid prices began to stop rising.

LNG goes up again when heating season comes

In recent days, the cold air hit, LNG market also ushered in a turnaround. On November 15, central heating in northern cities officially started, and LNG prices in some northern areas began to rise in advance. Mainly due to the continuous decline of LNG price in the early stage and frequent cost inversion of the enterprise, the upstream enterprises have a high sentiment in view of the loss. With the rapid decline of LNG market in the early stage, it is possible for the market to store and copy the bottom, the shipment will gradually improve, the liquid level will gradually decrease, and the confidence of the operators will increase. On November 14, the bidding for Northwest LNG direct supply plant of CNPC began, with a total volume of 120 million cubic meters of natural gas, among which the first transaction price of 80 million cubic meters of natural gas was 2.2-2.25 yuan / square, and the second transaction price of 40 million cubic meters of natural gas was 2.38 yuan / square, with a maximum price limit of 2.38 yuan / square, slightly lower than the previous round of bidding. The northwest feed gas auction has been greatly adjusted, and the maximum price of the auction has been limited, which plays a great role in stabilizing the LNG market and alleviating the contradiction of heating season increase. In terms of the terminal, affected by the 6-day suspension of loading of 15-20 of Rudong LNG terminal, the shipment of the surrounding terminal is smooth, which also drives the price of the surrounding LNG market up.

As the weather turns cool, Beijing, Tianjin and Hebei have issued heavy pollution weather warning for many times. At present, the environmental protection requirements are relatively strict. We have actively built a clean, low-carbon, safe and efficient modern energy system, and made every effort to promote the consumption of clean energy. The pressure of environmental protection, “coal to gas” has stimulated the rapid growth of natural gas demand. However, LNG prices are too low this year, coupled with cost problems, manufacturers are willing to support the market. However, due to the impact of low-cost imported LNG and bidding factors, there is limited space for rising.

Domestic full response to natural gas demand

Since this year, China has made solid progress in the construction of natural gas production, supply, storage and marketing system. The policy of “coal is suitable for coal, gas is suitable for gas” also pays more attention to resource coordination, and people’s livelihood gas can be effectively guaranteed. “Three barrels of oil” actively increased storage and production, fully prepared for the heating season, and imported LNG began to play a role of supply guarantee. The natural gas pipeline of China Russia east line was put into operation in early December, which can increase new resource supply; in terms of transportation, it also vigorously promoted the interconnection of pipeline networks, effectively increasing the gas supply capacity of “south to North” and “northeast to customs” channels. It is estimated that the annual domestic production of natural gas will be over 170 billion cubic meters, with an increase of more than 11 billion cubic meters. As of this year’s heating season, the country is expected to build a gas storage capacity of nearly 20 billion cubic meters.

Industry: according to the price monitoring of the business agency, there are seven commodities in the list of commodity prices rising and falling on November 14, 2019, among which the top three commodities are liquefied natural gas (1.07%), MTBE (0.62%) and WTI crude oil (0.56%) There are two kinds of commodities with a decline in the month on month ratio, the first two products with a decline are dimethyl ether (- 1.39%) and methanol (- 0.96%) The average rise and fall of this day was 0.05%.

III. future forecast

According to the LNG analyst of business association, with the rapid drop of temperature in recent days and the arrival of central heating in the north, the heating demand will increase accordingly. In addition, factors such as bidding will benefit the LNG market. LNG is expected to rise in the future.

I. price trend

The average price of phosphoric acid was 5333.33 yuan / ton on November 1 and 5400 yuan / ton on November 15, according to the bulk data list of the business agency. The market of phosphoric acid remained stable as a whole, up 1.25% slightly, up 25.1% compared with the same period last year

II. Market analysis

Product: in November, phosphoric acid market is still consolidation oriented, with a steady rising trend. Due to the fluctuation of the cost of raw materials, the price of phosphoric acid rose tentatively. However, the downstream demand is not high, and the overall market trading is still tepid, with occasional new orders. At present, there is no obvious positive support for the price of phosphoric acid. According to the monitoring of business association, as of November 15, the average market price of 85% industrial purified water phosphoric acid was about 5400 yuan / ton, and the mainstream price was about 4700-5800 yuan / ton. Prices across the country are generally stable, mainly on a wait-and-see basis, and the overall market is light.

Industry chain: since the beginning of November, phosphorus ore market has been in a weak state of consolidation, downstream market demand is still weak, on-site trading is weak, enterprises sporadically supply orders from old customers, continue to digest inventory, new orders are scarce, and the pressure on mine inventory has been large. The yellow phosphorus market is temporarily stable. Some enterprises offer high-end prices, and the market price is stable. The market situation is slightly stable and tends to be strong. The market is not warm and the market is not hot. Some enterprises in the whole market are slightly low in price, and most enterprises wait and see.

Industry: according to the price monitoring of the business agency, in the 44th week of 2019 (11.4-11.8), there are 15 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are 2 kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top 3 commodities are R22 (7.76%), acetone (5.71%) and chloroform (2.83%) There are 36 kinds of commodities falling on a month on month basis, with 5 kinds of commodities falling by more than 5%, accounting for 5.9% of the number of commodities monitored in the sector; the top three products falling are epichlorohydrin (- 8.77%), ammonium sulfate (- 7.84%) and hydrogen peroxide (- 7.21%) This week’s gains and losses were – 0.68%.

III. future forecast

According to the phosphoric acid analyst of business and chemical branch, due to the insufficient support of raw material end cost and limited end demand, phosphoric acid enterprises are mostly in a wait-and-see state, and the price is expected to maintain stability and consolidation, and it is expected that the price of phosphoric acid will still maintain stability and consolidation in the short term.

I. price trend

The domestic BDO market is mainly sorted out. According to the sample data monitored by the business agency, as of November 15, the average price of the domestic BDO market was 9520 yuan / ton, with a stable price month on month, down 10.61% year on year.

II. Market analysis

Products: the domestic BDO market is high-end, with weak cost support. However, the factory inventory is low, the offer is firm, the low price is hard to sell, the downstream just needs to make up the position, and the market wait-and-see atmosphere is strong.

In terms of market, the BDO market in North China has been digested and sorted out, the supply of goods in the field is stable, the firm price intention of the factory continues, the downstream market is more cautious, and the on-site wait-and-see atmosphere is strong. The BDO market in East China is stagnant and consolidated. In addition to crane coal maintenance, other plants and devices in the site operate normally. However, the inventory of the plant is not under pressure, and the attitude of supporting the market continues. The downstream market enters the market as required, and the transaction center in the site is temporarily stable. The BDO market in South China is in a strong operation, the on-site starting load is steadily increased, the downstream market entry enthusiasm is weak, just need to place an order to make up the position, the supplier’s intention to keep the price is high, and the on-site transaction center is on the upper side.

Industrial chain: in terms of raw materials, methanol, the mainland of Zhou Dynasty and ports all fell to varying degrees. The futures remained weak, the port inventory decreased slightly in the week, but it was still on the high side as a whole, the delivery speed was average, and the short-term high stock pressure continued. On the mainland side, part of the port’s goods flowed into Shandong and other places in the week, which to some extent suppressed the trend of the mainland market, and the downstream market was not good, and the goods received were limited. In addition, the mainland was abundant in supply, and more profits were sold in various regions. In addition, the price of natural gas in Southwest China rose by 10%, with limited decline under the support of cost. However, at present, the gas head enterprises are in a state of loss. In the later stage, some units may reduce the load / stop, but the overall stop time of this year may be lower than that of previous years.

Calcium carbide: the calcium carbide Market in Inner Mongolia fluctuates in a narrow range. The main factory price of the local first-class calcium carbide is about 2500-2850 yuan / ton. The output of the local manufacturers is normal, and the downstream reception is acceptable. Based on the overall analysis, it is predicted that the short-term market price will fluctuate in a narrow range

III. future forecast

On the positive side, the manufacturer is willing to support the market, and crane coal overhauls. On the negative side, downstream demand continued to be weak. BDO analysts predict that in the short term, the domestic BDO market will be shaken and sorted out, with specific attention to plant restart.

I. price trend

According to the data of the business club’s large scale list, the price trend of domestic TDI market fluctuated and decreased this week. At the beginning of the week, the average market price in East China was 12266.67 yuan / ton, while at the end of the week, the average market price was 12100.00 yuan / ton, down 1.36% in the week, down 41.69% year-on-year.

II. Market analysis

Products: this week, the TDI market in East China was weak, the price was slightly reduced, the atmosphere in the market was depressed, the transaction was rare and followed up, the attitude of the industry tended to be cautious, and the stable negotiation and shipment were reported. As of the 15th, the quotation of domestic goods with bills in East China is 11300-11400 yuan / ton, and that of Shanghai goods with bills is 11500-11600 yuan / ton, with some actual orders slightly lower.

Industry chain: the price of nitric acid in the upper reaches has been slightly reduced. The market price at the weekend is about 1650.00 yuan / ton, down 1.98% from 1686.33 yuan / ton at the beginning of the week. The market of nitric acid industry is stagnant, weak and the demand is light. The prices of some manufacturers have also been reduced. It is expected that the nitric acid market will continue to operate in a weak way.

In terms of upstream toluene, the market picked up a little this week, with trading volume rising. According to the feedback from traders, the trading volume picked up this week on a month-on-week basis, and the port inventory decreased slightly, about 26000 tons. The overall supply of toluene is sufficient, while the downstream demand is not good, so the wait-and-see mood is strong. It is expected that the toluene market will be stable and volatile next week.

Industry: the downstream of TDI is depressed and raw material inventory remains high. However, China US trade makes the export of TDI and downstream industries slightly difficult. The downstream terminal industry is facing a decrease in export. The digestion speed of TDI is not as fast as before, and the demand tends to be flat. At present, the price of TDI industry is in a downward trend. Under the mentality of “buying up but not buying down”, the market trading continues to be depressed. The industry pays more attention to the information of all parties and trades cautiously.

III. future forecast

According to the analysis of the Data Engineer of the business agency, the TDI market is generally stable and weak, the supply of goods keeps high, while the downstream market is lack of intention, small orders are mainly followed up, the overall negotiation of the industry is low-end shipment, and the low price market is still heard from time to time, and it is expected that the TDI market is stable and weak.