According to the Commodity Market Analysis System of Shengyi Society, the domestic TDI prices fell in a stepwise manner in September. At the beginning of the month, the average TDI market price was 14100 yuan/ton. On September 30th, the TDI price was 13050 yuan/ton, a decrease of 7.45% during the month and a year-on-year decrease of 27.63%.
In September, the domestic TDI market operated weakly, with prices falling sharply. The TDI market in September was greatly affected by the demand side, with weak downstream demand. In order to stimulate sales, supplier prices continued to loosen, and the focus of transactions continued to shift downwards. In the atmosphere of buying up and not buying down, the market has a strong wait-and-see atmosphere,
The upstream toluene market has experienced a wide decline, with the domestic average price of toluene at around 5909 yuan/ton as of September 30th, a decrease of 13.61% from the price of 6840 yuan/ton on September 1st. The crude oil market trend is weak this month, and the overall market environment is bearish. Under the downstream wait-and-see mentality, market trading is clearly sluggish. The main refineries have repeatedly lowered their ex factory prices, and local refining enterprises have continuously lowered their quotations. Downstream companies are observing and the purchasing enthusiasm is generally weak.
Market analysis shows that the TDI data analyst from Shengyi Society believes that throughout September, the TDI market was in a state of strong supply and weak demand. The downstream market performed poorly in terms of demand, maintaining the intention to purchase for essential needs. Although there is a demand for stocking up in the downstream near the holiday, the overall demand is still difficult to increase, and the demand side is still weak. It is expected that the TDI market will operate weakly in the short term, and specific attention should be paid to downstream purchasing follow-up.
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