Middle East TDI market faces weak demand

The spot TDI price in the Middle East seems to be under the pressure of oversupply just like the price in Asian market.

according to ICIS data, TDI prices were in the CFR GCC region (Gulf Cooperation Council) of 2600-2700 US dollars / ton (1976-2052 euro / ton) on May 30, down 11% from the highest price of 2950-3000 US dollars / ton in March. Buyers of

said that downstream dem was very fragile TDI prices were likely to fall further, so merchants would try to avoid purchasing spot goods. Buyers buy strictly according to dem, because there is no need to increase inventory. At present, local dem in the Middle East is not strong, but the supply is relatively adequate. The downstream of

TDI, such as the bedding furniture industry, have been affected by the decline in consumer confidence spending. A downstream bubble producer in the Gulf area said that the adverse macroeconomic factors had led to a reduction in consumer orders, which meant that foam manufacturers had weakened the dem for TDI.

,

global economic downturn, TDI dem in Asia has been weak since the first quarter. More more businesses are looking at the recent price trend, because downstream foam manufacturing will be in the off-season until September. The latest spot price of TDI in Asia was heard to be at US $2460-2600 / T CFR China's main ports / Hong Kong, which was different from the highest price of 2700-2750 US dollars / ton in March.

many TDI producers in the Middle East are trying to push up prices further to restore profit margins. A manufacturer said that manufacturers generally believe that the price will not fall further because the current supply price is close to the cost line. If the price continues to fall, manufacturers will not have the economic feasibility to continue to produce TDI. A TDI manufacturer of

plans to increase the price by 50 US dollars / ton in June, hopes that customers in some terminal fields can purchase raw materials before Ramadan in July, but the buyer said that all price adjustments will ultimately depend on the dem.

TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary. (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals Nanomaterials. The nitride powder produced by our company has high purity, fine particle size impurity content. Please contact us if necessary.
TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.