The Chinese TDI Market Was Tepid This Week
Before the Dragon Boat Festival, the Chinese TDI market was flat.
After the Dragon Boar Festival, the TDI market continued to be bearish. The mainstream prices showed a downtrend, as players lacked clear messages to trade and the TDI price decreased frequently.
The downstream users were cautious about trading, influenced by the ‘buy-high’ mentality and other factors, such as environmental protection pressure and farming seasons.
Declines in South China led the downtrend and the East China market followed. The trading among players in North China was inflexible. They stood on the sidelines, for the inventory was very low for a long period.
Up to May 25, the mainstream negotiation price of TDI in East China was RMB 25,000/mt, with it being 25,400/mt in Shanghai.
TDI factories will have different schedules to examine and repair units. Players will be worried about the coming market. It is forecasted that the Chinese TDI market will be weak and the price will continue to decrease.
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