According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has shown a strong upward trend this week. As of December 12th, the average market price in East China was 14866 yuan/ton, and on December 8th, the average price was 14666 yuan/ton, with a weekly increase of 1.36% and a year-on-year increase of 15.25%.
The TDI market maintained its upward trend this week. As of this Friday, the domestic offer price for TDI in East China is between 14400-14800 yuan/ton; The Shanghai cargo offer price is around 14800-15000 yuan/ton. The market supply remained tight during the week, with frequent news of price increases and tight supply from major manufacturers. The supplier’s attitude towards price increases, while traders maintain a stable flow of goods. Constrained by the flat and weak demand, the TDI market tends to be strong and push up.
Supply side: Fujian Wanhua TDI plant operates with reduced load; Shanghai Kesichuang TDI plant shutdown maintenance; A TDI unit in South China is experiencing abnormal conditions and is expected to be shut down for at least a week.
Cost aspect: The toluene market is temporarily stable, with relatively calm market trading and flat demand. The market will remain stable this week.
In terms of future analysis, TDI data analysts from Shengyi Society believe that the downstream market has a clear resistance to high priced goods and is cautious in entering the market, which makes it difficult to increase trading volume. The supply side continues to heat up, and it is expected that the TDI market will have a strong trend in the short term.