Trithiocyanuric acid

Market Intelligence on Vulcanizing Agent TMTI. Price Trends1. **Domestic Market**: - Over the past week, the mainstream price of vulcanizing agent TMT in the East China region has been 28,500–30,000 yuan/ton, representing an increase of approximately 2.3% from the previous week. This rise is primarily driven by a rebound in raw material sulfur prices and a recovery in operating rates among downstream tire manufacturers. - Prices in the South China region are slightly higher, reaching 29,200–30,500 yuan/ton. The regional price gap has widened to 500 yuan/ton, mainly due to tight supply in the South China region.2. **International Market**: - CFR prices in the Southeast Asian market remain stable at USD 4,200–4,350/ton, unchanged from the previous week. However, import costs have slightly increased due to fluctuations in the RMB exchange rate. - Prices in the European market have slightly decreased to EUR 3,800–3,950/ton, a drop of approximately 1.2%, due to weak demand.II. Supply and Demand1. **Supply Side**: - Operating rates at major domestic production facilities remain at 75%–80%, up 5 percentage points from the previous month. However, actual production growth is limited due to environmental production restrictions affecting some manufacturers. - Import volumes have decreased by 12% month-on-month, primarily because of tight supply in Southeast Asia, where exporters are prioritizing local demand.2. **Demand Side**: - Operating rates in the tire industry have recovered to over 70%, increasing demand for vulcanizing agent TMT, particularly in the all-steel tire sector. - Demand in the rubber products industry remains stable but lacks overall growth momentum due to a decline in export orders.III. Costs and Profits1. **Raw Material Costs**: - Sulfur prices rose by 8% this week, reaching 1,200–1,300 yuan/ton, directly increasing the production costs of vulcanizing agent TMT. - Prices for accelerator M remain stable, with limited impact on overall costs.2. **Profit Margins**: - Gross profit margins for domestic manufacturers have been compressed to 15%–18%, down 3 percentage points from the previous month, primarily due to rising costs and limited product price increases.IV. Relevant Policies and Industry Developments1. **Environmental Policies**: - Enhanced environmental inspections in regions such as Shandong and Jiangsu have led to production restrictions at some vulcanizing agent production facilities, increasing pressure on the supply side.2. **Industry News**: - A major tire manufacturer has announced plans to expand production capacity, which is expected to increase demand for vulcanizing agent TMT by 10%–15% in the future.V. Analysis and Assessment1. **Short Term (1–2 Weeks)**: - Domestic market prices are expected to remain at high levels, supported by sulfur prices and the recovery in operating rates in the downstream tire industry. The expected price range is 28,000–30,500 yuan/ton. - In the international market, due to diverging demand, prices in Southeast Asia may rise slightly, while the European market will continue to face downward pressure.2. **Medium Term (1–3 Months)**: - If sulfur prices continue to rise, cost pressures on vulcanizing agent TMT will further transmit to downstream sectors, potentially pushing prices above 31,000 yuan/ton. - Attention should be paid to export conditions in the tire industry; a recovery in overseas demand would drive growth in demand for vulcanizing agent TMT.VI. Forecasts1. **Price Forecasts**: - Domestic Market: The average price for the third quarter is expected to be 29,000–31,000 yuan/ton, with the peak likely occurring in August. - International Market: Prices in Southeast Asia may rise to USD 4,400–4,550/ton, while the European market is expected to remain in a low-level oscillation.2. **Supply and Demand Forecasts**: - Supply Side: Domestic production growth will be limited due to environmental production restrictions; import volumes may decrease due to tight supply in Southeast Asia. - Demand Side: Demand from the tire industry will support the market, while demand from the rubber products industry is expected to grow slowly due to weak exports.3. **Risk Warnings**: - Risk of significant fluctuations in raw material sulfur prices. - Risk of reduced supply due to further tightening of environmental policies. - Risk that downstream tire industry exports may fall short of expectations.