Price trend:

According to SunSirs' commodity market analysis system, the TDI market in East China saw a slight upward trend last week. As of December 12, the average market price in East China was 14,866 RMB/ton, compared to 14,666 RMB/ton on December 8, representing a weekly increase of 1.36% and a year-on-year increase of 15.25%.

Market Analysis

The TDI market maintained its upward trend last week. As of Friday, offers for domestic TDI in East China were between 14,400 and 14,800 RMB/ton, while offers for TDI from Shanghai were around 14,800 to 15,000 RMB/ton. Market supply remained tight throughout the week, with frequent reports of price increases from major manufacturers and supply shortages. Suppliers adopted an increasingly firm stance on prices, while traders maintained stable sales. Constrained by weak demand, the TDI market saw a slightly stronger upward trend.

Supply side: Fujian Wanhua's TDI unit is operating at reduced capacity; Shanghai Covestro's TDI unit is undergoing maintenance shutdown; a TDI unit in South China is experiencing an anomaly and is initially expected to be temporarily shut down for at least one week.

Cost side: The toluene market was temporarily stable, with relatively quiet trading and weak demand; prices were remain stable last week.

Market Outlook

According to data analysts at SunSirs, downstream buyers were clearly resisting high-priced goods and were cautious about entering the market, resulting in limited transaction volume. Meanwhile, the supply side continued to benefit, and the TDI market is expected to be stronger in the short term.

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