Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic TDI price fluctuated and declined in April. At the beginning of the month, the average TDI market price was 16,100 RMB/ton. On April 30th, the TDI price was 15,500 RMB/ton, and it was reduced by 600 RMB/ton within the month, with an overall decline of 3.73%.

Analysis review

The TDI market in April was weak and volatile. In the first ten days, the TDI market continued its downward trend in March, with light trading in the terminal market, continued sluggish downstream purchases, weak trading market sentiment, and a continuous decline in market transaction focus; In mid to late April, TDI prices first rose and then fell. On April 11th, the positive news from major manufacturers was released, and the supply side offered a strong increase. TDI prices stopped falling and rebounded, but due to weak demand performance, low enthusiasm for downstream entry into the market, insufficient consumption in the terminal market, and weak downstream acceptance of high priced goods, TDI prices fell again under the leadership of demand.

The upstream toluene market rose and fell in April, with prices at 7,610 RMB/ton on April 30th, an increase of 200 RMB/ton from the beginning of the month at 7,410 RMB/ton, an increase of 2.70%. The international crude oil price fluctuated at a high level, and the cost of toluene continued to support; The demand for downstream oil adjustment and disproportionation reaction was lower than expected, and the support for toluene was relatively weak; The high level of port inventory had a bearish impact on the toluene market.

Market outlook

According to TDI data analysts from SunSirs, the operation of TDI factories in China was temporarily stable, with high capacity utilization. The trade market mentality was conflicted, and the shipment of goods by holders was limited. The transaction focus continued to decline, and market confidence was insufficient; Downstream demand continued to be weak, with industry players taking a wait-and-see attitude. Under the game between supply and demand, it is expected that the short-term TDI market will be weaker, with narrow price fluctuations. Please pay attention to the follow-up situation downstream.

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