According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has slightly declined this week. As of October 17th, the average market price in East China was 13500 yuan/ton. On October 13th, the average price was 13566/ton, a decrease of 0.49% during the week and a year-on-year increase of 1.5%.
This week, the TDI market remained stable with small movements, continuing the stagnant trend. While the supplier raises the price, their willingness to ship remains unchanged, and traders follow the market trend. In order to stimulate sales, the focus of price transactions has slightly shifted downwards. The news side was relatively calm during the week, and overall production was relatively stable. The supply of goods was filled quickly, with strong supply and weak demand. The TDI market transactions were average, and prices slightly loosened.
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Supply side: Fujian Wanhua TDI plant operates with reduced load. Other devices maintain stable operation.
Cost wise: The toluene market is weak and declining, with a bearish trading atmosphere and average market transactions. The guidance on news is limited, and there is a strong wait-and-see atmosphere.
In terms of future analysis, the TDI data analyst from Shengyi Society believes that the guidance for future news is limited, and the market has a strong wait-and-see atmosphere. It is expected that the TDI market will continue to experience a slight downward trend in the short term.
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