According to the commodity market analysis system of SunSirs, the domestic East China TDI market gradually strengthened in May, with a wide range of increases.

At the beginning of the month, the average price of TDI market was 10,733 RMB/ton, and on May 28, the price of TDI was 12,266 RMB/ton, with a monthly increase of 14.29% and a year-on-year decrease of 59.52%.

In May, the East China TDI market continued to rise, and the market continued to be strong. At the beginning of the month, there were frequent news of price increases by mainstream large factories. Under the expectation of supply reduction, suppliers actively pushed up prices and middlemen raised their prices.

The downstream market was cautious and dominated by rigid demand. In the middle of the month, the tariff policy was implemented, boosting market confidence, suppliers supported price increases, and transaction volume increased.

At the end of the month, there were frequent price adjustment information and limited supply news from large factories. At the same time, the maintenance equipment was overhauled as planned, and the new maintenance date was determined. The supply replenishment slowed down, further supporting the price increase.

Supply side: Fujian Wanhua, Xinjiang Juli, and Gansu Yinguang operated at medium and high loads. BASF's 160,000 tons/year TDI unit in Shanghai will be overhauled on May 15 for about three weeks. Japan's Tosoh's 128,000 tons/year TDI unit will be shut down for maintenance, which is expected to last for 2 months. Fujian's 360,000 tons/year TDI unit will have a maintenance plan on June 5 for about 45 days.

In May, the upstream toluene market fluctuated and rose. From May 1 to 27, the domestic toluene market price rose from 3,590 RMB/ton to 5,460 RMB/ton, and the price rose by 1.21% during the period. After the May Day holiday, the crude oil market fell first and then rose, driving the toluene market to fluctuate, and then demand improved, driving toluene prices to rise.

Market analysis, TDI data analysts at SunSirs believe that the news of price increases and discounted supplies from major manufacturers at the end of the month further boosted market confidence. Suppliers are more motivated to support prices, and middlemen are reluctant to sell at low prices.

It is expected that the TDI market will be strong in the short term.

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