According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has slightly increased this week. As of February 6th, the average market price in East China was 14500 yuan/ton. On February 2nd, the average price was 14333 yuan/ton, with a weekly increase of 1.16% and a year-on-year decrease of 0.68%.
The TDI market maintained its upward trend this week. As of this Friday, the domestic offer price for TDI in East China is between 14200-14400 yuan/ton; The Shanghai cargo quotation price is around 14500-14600 yuan/ton. BASF announced this week that TDI’s price in the Asia Pacific region (excluding Chinese Mainland) and the MEAF region would increase by 200 dollars/ton. The unstable operation of some devices and delayed filling of goods have boosted market confidence. Suppliers push prices higher, intermediaries follow the market trend, and low-end quotations decrease. In terms of demand, the Spring Festival is approaching, downstream stocking is coming to an end, and the transaction situation is average.

Supply side: 360000 tons/year TDI plant in Fujian is temporarily shut down; The 50000 ton/year TDI plant in South Korea will be shut down for maintenance, with an estimated duration of two weeks.
On the cost side: The trading atmosphere for toluene has weakened, prices have fallen from high levels, and there is a lack of willingness to buy.
Market analysis shows that the TDI data analyst from Shengyi Society believes that with the upcoming Spring Festival holiday, the market will maintain its current trend of consolidation and operation. With the support of the supply side, it is expected that the TDI market will remain stagnant and consolidate in the short term.