Price trend:

According to the SunSirs commodity market analysis system, the TDI market in East China saw a slight decline last week. As of October 24, the average price in East China was 13,566 RMB/ton, compared to 13,600 RMB/ton on October 20. This representED a weekly decrease of 0.25% and a year-on-year increase of 3.71%.

Analysis review

Last week, the TDI market remained largely stable with minor fluctuations, maintaining a stagnant market. Fujian Wanhua's plant maintained reduced capacity during the week, reducing supply, but the boost to the market was limited. Operators operated cautiously, traders held steady with quotations, and downstream investors were less enthusiastic about entering the market. Amidst sluggish trading, the TDI market remained in a narrow range.

Supply: Fujian Wanhua's TDI unit was operating at reduced load. Other units were operating smoothly.

Cost: The toluene market experienced a volatile downward trend. Major refineries in Shandong Province lowered their ex-factory prices, actively shipping products. Demand from the downstream chemical and oil blending industries remained stable, with purchases focused on essential needs. Prices in the East China market declined, and downstream market entry enthusiasm remained subdued.

Market Forecast:

TDI data analysts at SunSirs believe that downstream companies were clearly resisting high-priced TDI, and the market lacked clear positive signal support. It is expected that the TDI market will fluctuate and weaken in the short term.

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