SunSirs: The TDI Market Saw a Slight Increase Last Week (November 3-7)

Price trend:

According to the commodity market analysis system of Business Society, the TDI market in East China saw a slight increase this week. As of November 7, the average market price in East China was 13,666 yuan/ton, compared to 13,566 yuan/ton on November 3, representing a weekly increase of 0.74% and a year-on-year increase of 5.53%.

Market Analysis

The TDI market rebounded this week after a period of decline. During the week, northern factories suspended order taking due to tight supply; major Shanghai manufacturers raised prices to 14,200 yuan/ton. Frequent news of tightening supply supported market sentiment. Intermediaries raised prices from their lows, leading to a shift in the price center of gravity for transactions. Downstream buyers resisted price increases, purchasing only as needed, resulting in limited growth in transaction volume.

On the supply side: Fujian Wanhua's TDI plant is 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 20th. Shanghai Covestro has maintenance plans for November.

Cost side: The toluene market saw a strong price increase. Toluene prices remained firm, with lower prices hard to find. Price increases in major producing areas further boosted prices, leading to a synchronized rise in related aromatic hydrocarbon products. After a period of price increases, the market is now consolidating and adjusting.

Market outlook

According to data analysts at Business Society, the current TDI market is characterized by strong price support from suppliers, with traders adopting a more conservative approach to lower prices. Market transactions are generally weak, and the TDI market is expected to remain relatively stronger in the short term. Close attention should be paid to changes in supply and demand.

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