Price trend

According to the SunSirs commodity market analysis system, the TDI market in East China slowed its decline last week. As of September 19, the average price in East China was 13,800 RMB/ton, compared to 13,866 RMB/ton on September 15. This represented a weekly decrease of 0.48% and a year-on-year increase of 3.37%.

Analysis review

Last week, the TDI market saw a narrowing decline, slowing its downward trend. Major TDI manufacturers maintained stable production, ensuring a steady supply of goods, and suppliers' willingness to maintain prices strengthened, while demand remained weak. Major Shanghai manufacturers suspended trading and reporting during the week, boosting industry confidence. Intermediaries largely followed market trends, while downstream companies were less enthusiastic about entering the market due to tighter profit margins. Constrained by demand, the TDI market remained weak.

On the supply side: Yantai Wanhua's TDI unit began shutting down for maintenance on August 19th, expected to last approximately 40 days. Other units maintained stable operations.

On the cost side: The toluene market experienced a bearish trading atmosphere, with average trading volume and limited news guidance, leading to a strong wait-and-see attitude.

Future outlook:

TDI data analysts of SunSirs believe that as of September 19, TDI price had fallen to a low level, and industry players were becoming more cautious in their operations. Under the game of supply and demand, the TDI market is expected to consolidate in a narrow range in the short term.

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