Morpholine Market did the tdi market in southeast asia rise sharply in february?

did the tdi market in southeast asia rise sharply in february?

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since china encountered the coronavirus epidemic, southeast asia, northeast asia and other countries and regions, as china’s close neighbors, have also been more or less affected by the epidemic. southeast asia’s tdi market and tdi manufacturers in northeast asia are also affected by this “black swan incident” “some adjustments are taking place. next, the editor will briefly review the changes in the above-mentioned markets and manufacturers since february.

1. price changes in southeast asian markets
since the beginning of february, the tdi market in southeast asia has started slightly upward, the current mainstream transaction price is 1550 us dollars / ton (cif price), a slight increase of 50-100 us dollars / ton compared with january.
there are various reasons for the rise of prices in southeast asia, not only the impact of the concern about the virus epidemic. first of all, the main reason for the rebound of local prices is the previous tdithe price bottomed out for a long time, japanese and korean tdi manufacturers reduced their load and production one after another, which improved the oversupply situation in southeast asia to a certain extent and gave rise to the price basic conditions are provided. secondly, the coronavirus epidemic has brought about changes in the mentality of market players. for japanese and korean tdi manufacturers, they expect china’s tdimanufacturer production may be adjusted due to the impact of the epidemic, and the load will be reduced. china’s tdithe export of goods may be affected due to logistics factors, so in early february, japanese and korean tdi manufacturers began to increase prices intensively. at that time, the mainstream quotations were between 1500- around usd 1600/ton.

2. changes in demand in southeast asia
on the nstream side, with the mentality of rising, the demand has improved, but the overall demand is still relatively general and has not met the expectations of manufacturers and traders. originally, the industry expected that china’s nstream production would be affected, and some orders might be transferred to southeast asia, which would drive local demand to improve. however, judging from the current actual situation, due to the sluggish global economic environment and china, which is the engine of asia and the global economy, the economy is periodically affected by the epidemic, and the demand in southeast asia and other places will inevitably be affected. the price rise of tdi shows signs of weakness. the current mainstream transaction price is 1550 us dollars / ton or so, or rmb 11900 / ton.

3. japan and south koreatdifactory started
for japanese and korean tdi manufacturers, the start-up load in february increased slightly, but due to the current tdithe price is still below the break-even point of the enterprise, and the market price does not have a strong upward momentum, so the current tdi manufacturers have not significantly increased the load, tiantian chemical has calculated the recent start-up load of japanese and korean manufacturers, for your reference: 

manufacturer

address

capacity (10,000 tons/year)

start load

mcns

omuta, japan

12

8 load

korea

korea yeosu

16

0load, 2month 5-15 daily shutn for maintenance.

hanwha chemical

korea yeosu

15

normal operation, 5 load

oci

korea gunsan

5

8 load, installed on 1 month 16 has restarted.

average start load

5 into load

4. summary
to sum up, it can be seen that the tdi market in southeast asia has not completely shaken off the impact of the epidemic, and prices have risen to a certain extent due to various other factors. , but also under pressure due to factors such as the epidemic. at the moment when the epidemic is affecting asia and even the world, the fate of people of all countries is closely related, and it is difficult for anyone to be alone.
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8 load, installed on 1 month 16 has restarted.

average start load

5 into load

4. summary
to sum up, it can be seen that the tdi market in southeast asia has not completely shaken off the impact of the epidemic, and prices have risen to a certain extent due to various other factors. , but also under pressure due to factors such as the epidemic. at the moment when the epidemic is affecting asia and even the world, the fate of people of all countries is closely related, and it is difficult for anyone to be alone.

This article is from the internet and does not represent Morpholine position. Please indicate the source when reprinting.https://www.51dmapa.com/did-the-tdi-market-in-southeast-asia-rise-sharply-in-february/

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