Price trend

According to the Commodity Market Analysis System of SunSirs, the TDI market in East China continued to decline this week. As of March 7th, the average market price in East China was 12,150 RMB/ton, and on March 3rd, the average price was 12,500 RMB/ton. It fell 2.8% within the week and 30.17% year-on-year.

Analysis review

This week, the TDI market continued to weaken and the decline slowed down. During the week, Shanghai's major factories lowered their guidance prices, and the market's trading center shifted downwards in the atmosphere of price decline. The TDI market had sufficient supply of goods, and downstream market entry was cautious, with a focus on essential needs. Traders' quotes followed the market trend, with low-end quotes falling below 12,000 RMB/ton. There were maintenance plans for the northwest unit, and the mentality of operators was slightly supported. TDI's decline was slowing down.

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

Cost wise: Upstream toluene has recently experienced a weak decline, with a strong wait-and-see atmosphere.

Market outlook

The TDI data analyst from SunSirs believes that the current TDI price has fallen to a recent low, compressing corporate profits and the room for further decline was limited. It is expected that the TDI market will consolidate and operate after the decline in the short term.

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