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.