According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has experienced a wide decline this week. As of February 20th, the average market price in East China was 12850 yuan/ton, and on February 17th, the average price was 14400 yuan/ton. It fell 10.76% within the week and 25.72% year-on-year.

This week, the TDI market fell from a high level and experienced a broad decline. There have been frequent price adjustments in factories during the week, with the latest TDI execution price of 13550 yuan/ton for a large factory in Shanghai, a decrease of 400 yuan/ton compared to the previous period. The willingness of intermediaries to sell goods has increased, and the focus of transactions continues to decline. The market atmosphere is quiet, with a buy up not buy down atmosphere, there are many inquiries and limited transactions.

Supply side: The TDI unit of Xinjiang Juli is temporarily shut down, while other units are maintaining medium to high load operation, and the market supply is filling up quickly.

Cost aspect: Upstream toluene has been operating steadily recently, with overall trading being relatively quiet and consolidating sideways.

According to the analysis of the future market, the TDI data analyst from Shengyi Society believes that the current TDI price has fallen to a low level, and downstream purchasing intentions have increased. If demand significantly rebounds, it is expected that the TDI market will stop falling and stabilize in the short term.