Trade name: TDI

Latest price (March 3): 19050 yuan / ton

Key points of analysis: the average price of TDI market in East China today is flat compared with the previous working day, and the domestic TDI market is stable for the time being. There is a shortage of export orders in the terminal market, and the enthusiasm of downstream market entry is not high. A small number of goods just need to be purchased. The offer of goods holders is temporarily stable and wait-and-see, waiting for market news. At present, the quotation range of dealers in East China is about 18500-18600 yuan / ton for domestic goods and about 19000-19200 yuan / ton for Shanghai goods.

Future forecast: in the later stage, the TDI market is in a stalemate, and the specific attention shall be paid to the market supply and downstream follow-up.

The latest p-value price of ethylene glycol on March 2 was 5158.33 yuan / ton.

Shell plans to shut down a 250000 ton MEG unit for maintenance in March. A 720000 ton MEG unit in South Asia, Taiwan may be shut down in the future. In the afternoon, Meg’s external market was strong and volatile, and the recent cargo negotiation transaction was around 700 US dollars / ton. Under the influence of the sharp rise of crude oil, coal and methanol, the current ethylene glycol market fluctuated and rose simultaneously. Today, the downstream inquiry increased, the production and sales strengthened, and the negotiation atmosphere was active.

Forecast: the trading focus of ethylene glycol market will rise.

Trade name: TDI

Latest price (March 1): 19050 yuan / ton

Key points of analysis: today, the average price of TDI market in East China decreased by 0.91% compared with the previous working day, and the domestic TDI market continued to operate weakly. There is little change in the start-up of TDI plants in China, the spot market is tight, the export of terminal products is less than expected, the enthusiasm of downstream market entry is not high, a small number of just need to buy, the market price is chaotic, and there is no clear message guidance for the time being. At present, the quotation range of dealers in East China is about 18500-18600 yuan / ton for domestic goods and about 19000-19200 yuan / ton for Shanghai goods.

Future forecast: the TDI market will be sorted and operated in the later stage, and the specific attention will be paid to the market supply and downstream follow-up.

Trade name: TDI

Latest price (February 28): 19225 yuan / ton

Key points of analysis: today, the average price of TDI market in East China decreased by 0.65% compared with the previous working day, and the domestic TDI market is weak. At present, there is little change in the start-up of TDI plants in China, and the spot market continues to be tight, but the export of end products is less than expected, the enthusiasm of downstream market entry is not high, a small number of just need to buy, the offer of cargo holders is loose in a narrow range, and the quotation of individual traders is reduced in order to maintain the shipment. At present, the quotation range of dealers in East China is about 18500-19000 yuan / ton for domestic goods and about 19000-19400 yuan / ton for Shanghai goods.

Future forecast: in the later stage, the TDI market is in a stalemate, and the specific attention shall be paid to the market supply and downstream follow-up.

During the week, the acetone market rose and fell, and the overall focus fell slightly. By the end of the weekend, the mainstream offer in East China was 5750 yuan / ton. According to the monitoring of business agency, in the East China market, the mainstream offer in East China was 5880 yuan / ton on February 18 and 5750 yuan / ton on February 25, with an overall decline of 2.21% during the week. As of February 25, the negotiation in East China was 5750 yuan / ton, the offer in Shandong was 5950 yuan / ton, the offer around Yanshan was 5950 yuan / ton, and the offer in South China was 5900 yuan / ton.

This week, the operating rate of domestic phenol ketone units increased to 90%, the billing of petrochemical enterprises was stable, while the port inventory was 40000 tons and the source of imported goods was on the high side. However, under the supply pressure, the market fell sharply and the terminal demand was poor. Although the operation of terminal factories increased, there was no intention to purchase large orders. The market just needed to follow up, so it was difficult to make a big change.

On the raw material side, from the perspective of crude oil, crude oil continued to rise sharply this week, which had a positive impact on downstream products. The decline slowed down under the support of downstream products, and there was a rebound of about 50 yuan / ton near the weekend.

After the domestic propylene price of raw material propylene experienced another decline, the market began to stop falling and rebound, in which propylene (Shandong) rose to 8050-8100 yuan / ton. On the one hand, the price of crude oil continued to rise and the cost pressure increased; On the other hand, the downstream returned to normal, the terminal procurement continued to follow up, and the price rose with the trend. In the short-term future, propylene prices are likely to rise slightly.

The spot resources of bisphenol A are limited, but the upstream and downstream of the industrial chain have fallen one after another, which is bad for the bisphenol a market. During the week, the factory has decreased and the auction has decreased significantly. Up to now, the market offer is 17500-17550 yuan / ton.

From the perspective of business agency, the acetone market fluctuates in a narrow range at the beginning of next week, and the negotiated price in East China market is 5700-5800 yuan / ton.