Europe April TDI pricing falls on oversupply,low demand

摘要

LONDON(ICIS)--The Europe toluene diisocyanate(TDI)April range has dropped on structural oversupply and subdued demand.A decline of €50/tonne on the low end and €100/tonne on the high end pushed the range down to €1,500-1,650/tonne FD(free delivered)W(west)Europe.A variety of price movements featured in the April negotiations,signifying an easing to downward momentum.This has led some sources to suggest that there could be flatter or firmer sentiment in the next few months.However,any imbalance is unlikely to disappear as oversupply remains structural and reduced consumption is linked to the unclear macroeconomic outlook.