Price trend:

According to the commodity market analysis system of SunSirs, the domestic East China TDI market rose first and then fell in November. At the beginning of the month, the average price of TDI was 13,500 RMB/ton, and on November 26, the price of TDI was 14,066 RMB/ton, an increase of 4.2% within the month and 11.2% year-on-year.

Market Analysis

The TDI market gradually strengthened in November. At the beginning of the month, northern factories suspended order taking due to tight supply; major Shanghai factories raised prices to 14,200 RMB/ton. Frequent news of tightening supply supported market sentiment. Subsequently, the TDI market became clearer, and price increases intensified. A major northern factory's TDI distribution channel offered a fixed price of 14,200 RMB/ton in mid-November, with a 20% discount; a major Shanghai factory raised its TDI price to 14,400 RMB/ton, with limited supply; Shanghai C factory had strong TDI orders and tight inventory, and stopped selling. Major manufacturers continued to offer discounts and raise prices, leading to expectations of tighter supply. Intermediaries followed suit, holding back sales at lower prices, resulting in a strong upward trend in the TDI market. Prices fell slightly at the end of the month as prices reached high levels, market transactions slowed, and traders loosened prices to stimulate sales.

On the supply side: Fujian Wanhua's TDI plant was operating at reduced capacity. Hanwha's 150,000-ton/year TDI plant in South Korea shut down for maintenance on November 3rd and is expected to restart around November 25th. Shanghai Covestro had maintenance plans for November.

Cost side: The toluene market saw a significant increase in November. Benefiting from the recovery in the crude oil market, the spot market sentiment improved. Overall, supply and demand remained relatively stable, with a generally positive market atmosphere and factories maintaining a strong willingness to hold prices. Demand remained primarily driven by immediate needs, with restocking mainly based on immediate needs.

Market Forecast:

According to data analysts at SunSirs, the TDI market atmosphere was relatively quiet, with suppliers maintaining their willingness to hold prices and traders cautiously entering the market. Under the supply and demand game, the TDI market is expected to fluctuate within a range in the short term..

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.