The difference between TPU and PVC
Release time:
30 Oct,2019
AA
The domestic adipic acid market has edged lower, with overall trading activity remaining subdued. Downstream inquiries are moderate, and purchases are driven primarily by immediate needs. Traders remain cautious, and offers across East, North, and South China have all softened. The market is expected to consolidate on the weak side in the near term.
Market | Yesterday's closing price | Today's price forecast |
East China | 7950-8150 (Acceptance) | 7950-8150 (Acceptance) |
DMF
The domestic DMF market is consolidating amid a wait-and-see approach. Factory quotes remain stable for now, while traders and downstream users are cautious about entering the market, largely awaiting updates on the restart of Luxi Chemical’s plant. Spot supply remains limited. Methanol prices have continued to decline, keeping cost support weak. The domestic DMF market is expected to trend lower in the near term.
Market | Yesterday's closing price | Today's price forecast |
Jiangsu | 5550-5600 | 5550-5600 |
Zhejiang | 5600-5750 | 5600-5750 |
Guangdong | 5750-5900 | 5750-5800 |
Shandong | 5300 | 5300 |
PO
The domestic propylene oxide market has halted its decline and stabilized for now. Liquid chlorine prices, a key cost input, continue to edge up, providing solid cost support. Downstream polyether producers remain active in purchasing today, and inventories at major PO plants have largely been depleted and shifted. With both costs and demand improving, the market has essentially stopped falling and is holding steady. However, new polyether orders have already softened compared with yesterday; it remains to be seen whether downstream demand can sustain this momentum. In the short term, the market is likely to trade in a range as participants adopt a wait-and-see approach.
Market | Yesterday's closing price | Today's price forecast |
Shandong and North China | 9650-9800 (Cash) | 9650-9800 (Cash) |
East China | 9900-10000 (Cash remittance to) | 9900-10000 (Cash remittance to) |
PPG
The domestic polyether market is consolidating within a narrow range, with the feedstock PO halting its decline and stabilizing for now. Polyether producers are keeping their quotes steady and actively taking orders, while some downstream users are replenishing inventories on dips. However, new order intake at major plants has decreased compared to yesterday, limiting the sustainability of overall incremental orders. Certain imported supplies remain tight and priced higher. With PO inventories easing pressure and stabilizing, the near-term outlook points to narrow-range consolidation in the domestic polyether market, with a focus on proactive deliveries. Market participants should continue to monitor PO price trends and plant order dynamics.
Standard flexible foam | Yesterday's closing price | Today's price forecast |
Shandong and North China | 10100-10350 | 10100-10350 |
East China | 10300-10900 | 10300-10900 |
Pure MDI
The domestic pure MDI market remains stagnant, with weak overall sentiment and sluggish follow-up trading. Supported by rising costs, suppliers are keeping their quotes firm for now. In the near term, the domestic pure MDI market is expected to trade in a choppy, consolidating range. 。
Market | Yesterday's closing price | Today's price forecast |
domestic Mainstream | 17500-18000 (Bottled) | 17500-18000 (Bottled) |
Polymeric MDI (PMDI)
The domestic polymeric MDI market is weak and volatile, with on-exchange buying interest remaining subdued and poor follow‑through on transactions. Most market participants are holding inventories tight and keeping offers stable for now, while a few are locking in profits. In the short term, the domestic polymeric MDI market is expected to trade in a narrow range.
Market | Yesterday's closing price | Today's price forecast | |
East China | Wanhua listed price 16500 | ||
Shanghai goods 11900-12000 | Shanghai goods 11900-12000 |
TDI
The domestic TDI market has been weakening amid overall stability, with persistently subdued trading activity. Downstream buyers remain reluctant to enter the market, resulting in sparse transactions. Market participants are generally pessimistic, engaging in price negotiations to offload inventory, and the focus of trading has shifted slightly lower. In the near term, the domestic TDI market is expected to experience weak, choppy fluctuations.
Market | Yesterday's closing price | Today's price forecast |
East China | Domestic goods 12800-12900 | Domestic goods 12800-12900 |
Bayer and BASF products 13000-13100 | Shanghai goods 13000-13100 |
Friendly reminder: This information is for reference only and should not be used as the basis for transactions between buyers and sellers. Any risks arising from such transactions shall be borne solely by the parties involved, and China Polyurethane Network assumes no liability for the consequences of any transaction.
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