During the week of last week, the TDI market was very bullish, and the manufacturer's price even rose twice. Last Thursday, the ex-factory price of TDI in Cangzhou Dahua rose 500 yuan/ton to 28,500 yuan/ton, and the price rose again by 500 yuan the next day/ Ton to 29,000 yuan / ton. Cosset TDI external quotation rose 1,000 yuan / ton to 31,000 yuan / ton. Manufacturers rose in undoubtedly two consecutive companies to give the market a clear positive attitude information, traders accompanied the market, the offer rose As of yesterday's close, taking the East China market as an example, the domestic goods offer was quoted at 29,000 yuan/ton, and the Shanghai goods offer was at 30500 to 31,000 yuan/ton. The overall price was up by 3,000-3,500 yuan/ton from the previous Friday.
Domestic TDI market situation in major regions
Yesterday, the TDI in East China continued last week’s rally. The ex-factory price of the factory continued to increase again. The resource tensions on the site continued, and the overall social inventory was low. In southern China, as manufacturers and traders reported higher prices, terminal buyers had limited acceptance of high prices temporarily. Waiting for a stronger mood, the market has no market price. In addition, tight supply of goods, traders replenishment is also more difficult. TDI continued to keep rising in North China, as the latest ex-factory price of Chuzhou Dahua has not yet announced, but last week Even rising to make the market mentality firm. On-floor market supply so that the price increase gradually promoted. Specific market prices are as follows:
The main factors affecting the market
1. Part of the plant stopped and overhauled, and the overall market load decreased. On Tuesday, the Yantai Juli factory where the original single unit was running was stopped and repaired again. According to the plant news that the current TDI inventory is low, it has recently delivered to the export, and it started to stop on May 9. Sale. The BASF plant is still in the shutdown phase. In addition, Fujian Electrification is also scheduled to stop at the end of this month. The manufacturer has recently stopped and overhauled more frequently. The situation for the last week's installation was as follows:
2. The main manufacturers have no shortage of expectations for continued price hikes, and the goodwill of the mind is good. Cangzhou Dahua frequently raised prices twice last week. This week Cosic TDI's external quotation rose by 1,000 yuan/ton to 31,000 yuan/ton. According to current market trends Looking at the situation that there are many low-level social inventory operations and equipment overhauls, TDI manufacturers still have price increase expectations. The industry players' market mentality is positive. If there is a rising intention of the main manufacturers, the price of traders will follow the rise.
3. The market price of raw material toluene continues to rise, and the cost side supports better. Affected by the surge in international crude oil last week, the significant increase in the price of xylene market led the toluene market to increase. Near the weekend, the closing price of toluene was 6300-6320 yuan/ton. Last week rose 300 yuan / ton.
4. Demand side performance is normal, and high transaction volume is relatively low. For the moment, downstream demand performance in the high-priced TDI market environment is generally present. Most of the downstream wait-and-see mood is heavy, and the current high price volume is limited.
Market Forecast
TDI's domestic main manufacturers currently have low overall operating rates, and all major manufacturers strictly control their supply and the overall social inventory is low. Over the weekend, Shanghai Secco accidents caused market concerns. It is reported that some manufacturers have purchased raw materials for toluene at SECCO, but at present The impact is still small. Manufacturers often raise the ex-factory price to make downstream terminals and traders slightly passive. Under high pressure, the terminal downstream has very few stocking operations to maintain just beyond the demand. It is more cautious to cover short positions. It is expected that the tighter supply situation in the venue next week Under outstanding circumstances, prices continue to rise, but the increase will narrower than last week, reminding operators to exercise caution.