According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has been strong and rising this week. As of July 4th, the average market price in East China was 11866 yuan/ton, and as of June 30th, the average price was 11733 yuan/ton, with a weekly increase of 1.14% and a year-on-year decrease of 16.43%.

This week, TDI market suppliers have a strong willingness to raise prices and actively promote price increases. The market supply is tight, and traders are reluctant to sell at low prices, with a focus on fast in and fast out. The news of major factories raising prices within the week has landed. Further boost market confidence. Downstream on-demand procurement creates a strong resistance to high prices, and under the supply-demand game, TDI remains strong and upward.
Supply side: The 300000 ton/year TDI plant in Fujian will undergo maintenance on June 5th, lasting for 45 days.
Cost wise: The price of toluene has decreased, with an average price of 6070 yuan/ton at the beginning of the week and 5732 yuan/ton over the weekend, a decrease of 5.45% during the week. The downstream procurement atmosphere is quiet, and oil prices have been weak and fluctuating recently, which has limited support for toluene.
In terms of future analysis, TDI data analysts from Shengyi Society believe that with the news of price increases from major companies, it is expected that trading prices will follow suit, and the TDI market is expected to operate strongly in the short term.