According to the Commodity Market Analysis System of Business Society, the TDI price in East China has recently risen first and then fallen. On January 16th, the average market price in East China was 16800 yuan/ton, an increase of 100 yuan/ton compared to the price of 16700 yuan/ton on January 8th, an increase of 0.60%.

Recently, the domestic TDI market has experienced a rise followed by a decline, with price ranges fluctuating. The filling of factory spot goods is slow, and the trading market is observing the guidance of supplier news. Earlier last week, Shanghai Kesichuang TDI execution price was raised, and the prices of holders followed suit. However, downstream follow-up was limited, and the demand in the terminal market was insufficient. The supplier’s mentality was limited, and the operator’s mentality was not good. Under the supply-demand game, the TDI price slightly decreased in the later stage.

The upstream toluene market has slightly increased. On January 16th, the domestic average price of toluene was around 6710 yuan/ton, an increase of 0.45% compared to the price of 6680 yuan/ton on January 8th. The international crude oil prices have fluctuated and risen, with good support from the cost and external prices of toluene. The price of toluene in Asia has rebounded, while domestic production has slightly decreased. The pressure on toluene supply has been alleviated, and downstream demand for toluene is just in demand. The support for toluene is average, and the toluene market has slightly increased.

In the future market analysis, TDI data analysts from Business Society believe that domestic TDI spot filling is slow, factories have a supportive attitude towards the market, and holders are actively shipping, but market trading is limited. Downstream buyers follow up on demand, and there is a lack of positive demand. The market supply and demand are deadlocked, and TDI price fluctuations are limited. Considering that there is stock demand in the downstream before the holiday, it is expected that the TDI market will slightly increase in the later stage. Specific attention will be paid to downstream buyers and the release of market news from suppliers.