The average price of TDI market in East China on the 30th was 16666.67 yuan / ton, down 6.54% compared with 17833.33 yuan / ton at the beginning of the month, and 28.53% higher than last year, according to the data from the bulk list of business associations. On October 29, the TDI commodity index was 88.18, flat with yesterday, down 64.45% from 248.02 (2016-10-19), and 67.77% higher than the lowest point of 52.56 on May 05, 2020. (Note: period refers to 2011-09-01 to now)

The domestic TDI market is weak, the atmosphere in the market is generally empty, and the mentality of the industry is tangled. At the beginning of the week, the offer is tentatively inclined to the high end, but the downstream buying gas is weak, and the high price transaction is blocked. At present, the maintenance situation of the supplier’s device is still in, the supply is tight, and the export price is on the high side, which supports the market. In terms of polyether, the price is high and the sponge pressure in the downstream is large, which leads to insufficient demand and purchase of TDI. Under multiple news, the mentality of the operators is tangled, and the focus of on-site negotiation goes down.

On the upstream side, the price of toluene continued to decline, the port inventory was high, the pressure of de stocking still existed, the demand for blended oil and solvent in the downstream was general, the price was slightly weak, and the market was weak.

Business agency data analysis: at present, the domestic TDI market is weak and wait-and-see, the market mentality is empty, the dealers’ offer is lower, the enthusiasm of downstream market entry is weak, and the domestic TDI market is weak in the short term.