According to the Commodity Market Analysis System of Business Society, TDI prices in East China continued to decline in the second half of May. As of May 31st, the price was 16200.00 yuan/ton, a decrease of 3666.67 yuan/ton compared to May 16th, which was 19866.67 yuan/ton, a decrease of 18.46%.
The domestic TDI market continued to fall, mainly due to the influence of mentality. In the second half of the month, the news of the release of the device capacity was released, the trade market atmosphere was bearish, and the price of the holder was lowered to stimulate shipment. However, the downstream had strong resistance to the high price, plus the influence of the mentality of buying up rather than buying down, the weak situation of the TDI market continued. Later, the device was successfully started, and the market sentiment was bearish. Under the supply and demand game, the focus of TDI transactions continued to move downward.
The upstream toluene market is consolidating and operating. As of May 31, the domestic average price of toluene was around 7130.00 yuan/ton, an overall increase of 1.13% compared to the price of 7050.00 yuan/ton on May 16. The international crude oil range has risen, with positive upstream support. The toluene market has stopped falling and rebounded, but downstream demand is average. Follow up on demand, and market transactions are limited. The toluene market has slightly increased.
In the future market analysis, TDI data analysts from the business agency believe that the supplier’s production capacity has increased, downstream demand continues to be weak, the market atmosphere is bearish, and the confidence of the holders is insufficient. The market is negotiating low prices for shipment, and there is a lack of positive support in the market. It is expected that the short-term TDI market will consolidate at a low level, and specific attention will be paid to the supplier’s interest consumption guidance.
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