According to the monitoring data of business agency, the price trend of TDI in East China decreased slightly this week. As of April 29, the average market price in East China was 17775 yuan / ton, a decrease of 3.27% during the week and 10.11% month on month compared with 18375 yuan / ton at the end of last week.

During the week, the TDI market was weak. Affected by public health events, the on-site logistics and transportation were blocked, most of the terminal industries were depressed, there were few foreign trade export orders, the market demand continued to be weak, the enthusiasm for goods preparation before May Day was not high, the goods holders offered profits for shipment, the offer was lowered, the on-site trading atmosphere was still flat, and the TDI market was in a stalemate. As of the 29th, the quotation range of domestic goods in the distribution market in East China is about 17000-17200 yuan / ton, and the quotation range of Shanghai goods is 17500-17600 yuan / ton, mainly based on actual order negotiation. The dealer’s quotation will rise with the market news, and will be sorted down within the week.

The upstream toluene market was sorted upward, and the price rose first and then fell during the week. As of April 29, the average domestic price of toluene was about 7310 yuan / ton, up 0.27% from the price at the end of last week. At the beginning of the week, the international crude oil was under pressure, but the gasoline price in Shandong rose, which gave good support to the toluene Market. However, in the later stage, the downstream demand was weak, coupled with logistics restrictions, the methanol quotation was reduced, and the domestic toluene market fluctuated as a whole.

According to the analysis of TDI data division of business society, at present, the downstream demand of domestic TDI market is weak, the terminal purchase is just needed, there is no pressure on the supplier’s inventory for the time being, and the goods holders sell goods at a profit. However, due to logistics restrictions, the market trading progress is slow, and the on-site operators have a strong wait-and-see mentality. It is expected that the short-term TDI market will wait and see the consolidation and operation, and the future market trend will pay attention to the downstream follow-up.