According to the monitoring data of business agency, the price trend of TDI in East China fell first and then stabilized this week. As of March 18, the average market price in East China was 19225 yuan / ton, down 1.41% during the week and 1.66% month on month compared with 19500 yuan / ton at the end of last week.

During the week, the TDI market was weak and mainly sorted out. In terms of supply, there was little change in the commencement of domestic TDI factories. Gansu Yinguang and Yantai Juli devices have not been restarted. The spot market is tight and the factory’s attitude of supporting prices is the main. During the week, due to the impact of the epidemic in various places, the logistics and transportation are blocked, the terminal demand is weakened, the quotation of dealers is reduced, and the downstream market entry only needs to be followed up. As of the 18th, the quotation range of domestic goods in the distribution market in East China is about 18000-19000 yuan / ton, and the quotation range of Shanghai goods is 19000-19500 yuan / ton, mainly based on actual order negotiation. The dealer’s quotation will rise with the market news, and will be sorted down within the week.

As of March 18, the operation of TDI plants in China is as follows:

The upstream toluene market fell broadly, and the price continued to fall during the week. As of March 18, the domestic average price of toluene was about 7850 yuan / ton, down 6.87% from the price at the end of last week. The international crude oil fell continuously and broadly, and the cost support weakened. In addition, affected by the epidemic situation in various places, the logistics and transportation were blocked, the transaction in the toluene market was limited, the mentality of the operators was empty, the price decreased continuously, and the aftermarket market was mainly sorted and operated.

According to the analysis of TDI data division of business agency, at present, the supply side of domestic TDI market is in short supply, the factory mentality is strong, and the downstream demand response is slightly flat. Under the supply and demand game, the TDI market is mainly in stalemate and consolidation, and the future market trend depends on the downstream follow-up.