According to the Commodity Market Analysis System of Shengyi Society, the TDI market first fell and then stabilized in June. On June 19th, the average market price in East China was 11433 yuan/ton, and on June 1st, the average price was 12266 yuan/ton, a decrease of 6.79% during the week and a year-on-year decrease of 21.33%.
In early June, the TDI market was greatly affected by supply and demand. At the beginning of the month, large factories maintained their original levels of equipment, and the supply side remained stable. The supplier has a strong willingness to raise prices, and intermediaries have accelerated their delivery speed, resulting in a slight decrease in prices. On the 5th, Wanhua Fujian’s equipment was undergoing maintenance, with downstream demand being the main concern and high-level cargo sources experiencing poor flow. Under the game of supply and demand, the TDI market has made a slight adjustment. Subsequently, Shanghai’s major factories restarted their facilities, and the market supply was relatively fast and abundant. Due to strong supply and weak demand, downstream companies entered the market at a low price, and in order to stimulate sales, TDI accelerated its decline.
Supply side: Gansu Yinguang is operating at medium to high loads, while Shanghai BASF is restarting. The 300000 ton/year TDI plant in Fujian underwent maintenance on June 5th, lasting for 45 days.
According to the analysis of the future market, the TDI data analyst from Shengyi Society believes that the current TDI price has fallen to a low level, and the supply side is supporting the price, but the demand is unlikely to change significantly. It is expected that the TDI market will consolidate and operate in the short term.
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