August global major TDI market trend forecast

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7The tail of the month has slipped away quietly, 8 The month is approaching. The editor believes that people in the industry are very concerned about the global TDI price trend after August. Today, the editor will share some personal views with you, hoping to benefit you.

Europe

Sources said: In July, European TDI quotations were between 1440-1550 euros/ton, an average increase from June 70 euros/ton, compared with the first half of this year, the price performance is strong; and the transaction volume is also considerable, according to local industry sources, some areas are in short supply. Typically, July is traditionally the low season in Europe, something many sources say has previously been anomalous. The editor believes that this situation should be the result of delayed consumption due to the previous blockade policy.

In August of previous years, some soft foam polyether producers in southern Europe usually closed their factories during the summer holidays. This year, producers are expected to take fewer vacations than in previous years to restore productivity hit by the new crown epidemic. However, because BASF’s TDI plant with an annual output of 300,000 tons in Ludwigshafen, Germany, has not been running smoothly in the early stage, and its recent GeismarThe TDI plant with an annual output of 160,000 tons of the factory encountered force majeure, the world's largest TDI supplier The installation situation will also affect the global TDI supply and demand pattern and price trend accordingly. The editor predicts that with the rapid recovery of local demand, if the supply continues to tighten, it is expected that the local TDI price will still have room to rise in the future market.

Southeast Asia

Starting from June, as automobile factories in countries such as Southeast Asia and Europe began to resume work and production, TDI's downstream upholstered furniture and bedding Supplies gradually returned to the same level before the outbreak, and the TDI market performed strongly. According to market sources, the TDI quotations of Southeast Asian countries such as Singapore and Indonesia have reached US$1,550/ton in August, an increase of US$150-200/ton from the previous month, and are expected to further increase to US$1,700/ton.

China

With the continuous release of TDI production capacity of domestic manufacturers such as Wanhua Chemical and Xinjiang Juli, there is an obvious oversupply of domestic TDI. The imbalance is severe. Therefore, most domestic manufacturers turn their attention to the export market. According to market news, since July, the domestic TDI export volume has increased, and has even returned to the normal level of the same period, so as to ease the domestic sales pressure.

The editor believes that with the support of the good atmosphere in countries such as Europe and Southeast Asia, it may be expected to drive the domestic TDI market to grow in August Let us look forward to a better performance.