Price Trend
On August 19, the TDI commodity index was 72.31, down 0.35 points from yesterday, down 70.85% from the cycle peak of 248.02 points (2016-10-19), and up 20.18% from the lowest point of 60.17 on February 22, 2016. (Note: Period refers to 2011-09-01 to date)
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II. Market Analysis
Products: According to statistics, TDI prices in East China market are declining. On the 19th, TDI prices in East China market were 13666.67 yuan/ton, a decline of 0.49%. TDI market in East China is weak and wait-and-see. Businessmen in the field pay more attention to factory news, good news is scarce, the overall atmosphere in the field is depressed, and inquiry delivery continues to be light. Domestic goods with tickets out of the warehouse offer reference to 13,000 yuan / ton nearby, Shanghai goods with tickets out of the warehouse offer reference to 13,100-13,200 yuan / ton, a single talk, based on actual negotiations.
Industry chain: Upstream toluene, compared with the previous trading day, Sinopec’s enterprises today toluene listing price is flat. Shandong Geotechnical Refining Enterprises have a stable listing price today. Traders have raised their quotations slightly today, and the price in East China is about 5560 yuan per ton. As for nitric acid, the market demand is still acceptable and the market is stable for the time being.
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Industry: Last week, the domestic TDI market was weak and gloomy, with few good news on the market, pressure on the mindset of the operators, a growing pessimistic atmosphere, the offer was downgraded to yield goods, low-priced spot and futures were frequent. With the price bottoming, a small number of transactions follow-up, it is difficult to effectively support the situation.
III. Price Forecast
TDI business analysts believe that the domestic TDI market is weak in the latter stage of consolidation, focusing on factory information guidance.
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