This week, the TDI market in East China stopped falling and rose. As of June 12th, the average market price in East China was 15133 yuan/ton, and the average price on June 8th was 14800 yuan/ton, with a weekly increase of 2.25% and a year-on-year increase of 32.36%.
This week, the TDI market has stopped falling and rebounded. During the week, major factories closed down and suspended sales, increasing the willingness of the supply side to raise prices. The low prices in the market have converged, and traders’ quotes have slightly increased. With the rise in prices, downstream market entry is cautious, demand is average, and small orders are mainly traded.
Supply side: Domestic Wanhua equipment maintains low load operation. BASF’s Shanghai facility is undergoing a three week shutdown and maintenance.
On the cost side: The toluene market fluctuates with crude oil prices, with prices fluctuating and falling. Market transactions are light, and news guidance is limited.
In terms of future market analysis, TDI data analysts believe that the current TDI market is characterized by strong supply and weak demand. Due to the influence of international conditions, prices are cautiously rising, and it is expected that the short-term market will maintain a relatively strong trend. Therefore, it is important to closely monitor macro and market supply and demand changes.