Price trend

According to the SunSirs commodity market analysis system, TDI prices in East China fell slightly last week. As of October 17, the average price in East China was 13,500 RMB/ton, compared to 13,566 RMB/ton on October 13, this represented a weekly decrease of 0.49% and a year-on-year increase of 1.5%.

Analysis review

Last week, the TDI market remained largely stable with minor fluctuations, continuing its stagnant trend. While suppliers maintained their prices, their willingness to ship remained undiminished. Traders followed market trends, stimulating sales and shifting the price center slightly downward. News was relatively quiet during the week, with overall production operations remaining stable and supply replenished rapidly. With strong supply and weak demand, TDI market transactions were average, with prices easing slightly.

Supply: Fujian Wanhua's TDI units were operating at reduced capacity. Other units maintained stable operation.

Cost: The toluene market was declining, with a bearish trading atmosphere and average market turnover. News guidance was limited, and a wait-and-see attitude prevailed.

Market outlook

TDI data analysts at SunSirs believe that there is limited guidance from news in the future market and the market is in a wait-and-see mood. It is expected that the TDI market will continue to decline slightly in the short term.

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