Logically speaking, the early stages of various small and long holidays should be a powerful opportunity for the market to stock up. Although this kind of promotional behavior due to changes in supply and demand is a short-term behavior. However, one side of the “stagnant water” can still be revitalized in the market and drive the on-site trading market.
In addition, catching up with the favorable opportunities of the “Golden Nine and Silver Ten”, market enthusiasm has generally increased. However, this is not the case for domestic TDI. At present, the domestic stocking sentiment is relatively bleak.
On September 26, Shanghai Covestro’s latest TDI sales fixed price: 19,100 yuan/ton in the East China market and 19,300 yuan/ton in the South and North China markets. Shanghai BASF’s October TDI listing price is 23,000 yuan/ton, which is 4,000 yuan/ton higher than the previous month. The settlement price in September is 18,300-18,400 yuan/ton. The device is operating normally and limited supply is available. The TDI market in East China is closed, and the latest sales price of Cangzhou Dahua continues to increase significantly.
On September 27, the TDI market in South China was on the sidelines at a high level. Factories actively released positive news to boost prices. Intermediaries had tight inventories and many closed orders without reporting. The downstream inquiry atmosphere was strong. In fact, There is little news about single transactions. The quotation price for domestic goods without tax is around 18,100-18,300 yuan/ton, and the quotation price for Shanghai goods without tax is around 19,100-19,400 yuan/ton. The North China TDI market is closed and waiting, Canghua quotations continue to increase significantly, market news is confusing, and there is limited improvement in actual orders and volume. The latest sales price of Fujian Petrochemical TDI is 19,000 yuan/ton, which is 700 yuan/ton higher than the previous period. The sales price of Gansu Yinguang TDI this week is 18,500 yuan/ton, an increase of 700 yuan/ton from the previous period.
On September 28, Shanghai BASF’s October TDI listing price was 23,000 yuan/ton, which was increased by 4,000 yuan/ton from the previous month. The September settlement price was 18,300-18,400 yuan/ton. , the device is operating normally and is available in limited quantities.
So far, the quotations of the main domestic TDI factories have not fluctuated much downwards, and the supply side has not diminished. The industry outlook continues to be bullish, with sporadic offers following the increase, and the overall market is mostly positive. Internal digestion is the main focus, on-site stocking is not active, and companies mostly adopt a wait-and-see attitude. It is expected that the short-term TDI market will consolidate strongly.
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