Price Trend
According to the data from the business associations’list, the price trend of domestic TDI market fell this week, with the average market price in eastern China at the beginning of the week at about 14,000.00 yuan/ton, and the average market price in eastern China at the weekend at about 13,733.33 yuan/ton, with a decline of 1.90% in the week and a 54.68% year-on-year decline.
| Sulfamic acid |
II. Market Analysis
Product: This week, the TDI market in East China has been reorganized and operated. The price trend has declined, and the atmosphere inside the venue has increased slightly. However, the following-up is still in a downturn. There are divergent mentalities among the operators and coexistence of high and low quotations. As of the 26th, China’s domestic goods with tickets out of the warehouse offer reference 13500-13700 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 13700-13900 yuan/ton, a single talk, the actual negotiations.
Industry chain: The price trend of nitric acid in the upstream is stable, and the market price is about 1756.67 yuan/ton in a week, which is stable; the mainstream quotation of nitric acid in Jiangsu is 1720 yuan/ton, and the quotation is temporarily stable, and the demand of nitric acid market is still acceptable. The quotation of the manufacturer is basically stable, and the quotation of individual manufacturer is somewhat loose. The nitric acid shipment situation is general. This week, toluene market price shocks downward, affected by rising port inventory and weak downstream demand, toluene market prices this week slightly rebounded, the current mainstream price in East China is around 5450-5480 yuan/ton, a decline of 0.57% in the week.
3. Future Market Forecast
| sulphamic acid |
According to the analysis of business societies data analysts: the domestic TDI market range shocks, on-site business mindset divergence, high and low quotations exist, with the announcement of BASF listing, the overall market atmosphere boosted. It is expected that it will be consolidated steadily and upward in the later period.