Summarized TDI market report of last week (20 Apr - 24 Apr)

Published: 27 Apr 2009 00:11:06 PST

TDI markets continue with its up trend situation in China with an increase of RMB 1700-3000/t compared with that of last week. For supply, there are limited stocks in current markets because most sellers restrict their sales volumes and expect much higher prices in future. Compared with the optimistic attitudes towards the future markets in the early week, TDI sellers become concerned about the future markets because of low transactions.

Along with the price increase in China, USD quotations are increased as well. At the end of this week, the quotations have hiked to USD 2600-2800/t, much higher than that of last week.