Price trend

According to the Commodity Market Analysis System of SunSirs, the TDI market in East China had been actively pushing up last week. As of May 9th, the average market price in East China was 11,166 RMB/ton, and as of May 5th, the average price was 10,733 RMB/ton. Within the week, it increased by 4.04% and decreased by 24.55% year-on-year.

Analysis review

Last week, the TDI market showed a stronger trend. The maintenance of major factories in Shanghai was imminent, and there was frequent news of price increases from mainstream factories. Under the expectation of reduced supply, suppliers were actively pushing up prices, while intermediaries were raising their prices. The attitude towards downstream market entry was cautious, with a focus on essential needs. There was a shortage of new orders in the market, and high priced goods lacked actual order support. The market needed support from the demand side.

Supply side: Fujian Wanhua and Gansu Yinguang were operating at medium to high loads, while Shanghai BASF had maintenance plans.

Cost side: The price of toluene continued to decline, with an average price of 5,390 RMB/ton at the beginning of the week and 5,292 RMB/ton over the weekend, a decrease of 1.85% during the week. Downstream demand was dominant, with average enthusiasm for entering the market.

Market outlook

The TDI data analyst from SunSirs believes that after the holiday, downstream procurement enthusiasm was average, and some were more resistant to high priced goods. It is expected that the TDI market will mainly digest the increase in the short term and maintain fluctuations within a range.

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