Price trend

According to the Commodity Market Analysis System of SunSirs, the TDI market first fell and then stabilized in June. On June 19th, the average market price in East China was 11,433 RMB/ton, and on June 1st, the average price was 12,266 RMB/ton, a decrease of 6.79% during the week and a year-on-year decrease of 21.33%.

Analysis review

In early June, the TDI market was greatly affected by supply and demand. At the beginning of the month, large factories maintained their original levels of equipment, and the supply side remained stable. The supplier had a strong willingness to raise prices, and intermediaries accelerated their delivery speed, resulting in a slight decrease in prices. On the 5th, Wanhua Fujian's equipment was undergoing maintenance, with downstream demand being the main concern and high-level cargo sources experiencing poor flow. Under the game of supply and demand, the TDI market had made a slight adjustment. Subsequently, Shanghai's major factories restarted their facilities, and the market supply was relatively fast and abundant. Due to strong supply and weak demand, downstream companies entered the market at a low price, and in order to stimulate sales, TDI accelerated its decline.

Supply side: Gansu Yinguang was operating at medium to high loads, while Shanghai BASF was restarting. The 300,000 ton/year TDI plant in Fujian underwent maintenance on June 5th, lasting for 45 days.

Market outlook

The TDI data analyst from SunSirs believes that the TDI prices fell to a low level, with suppliers supporting prices, but demand was unlikely to show significant improvement. It is expected that the TDI market will consolidate in the short term.

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