SunSirs: Supply Tightened, TDI Slightly Rose (December 9-13)
December 16 2024 09:20:19 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the low-end prices of TDI in the East China region had tightened this week, with a slight increase in prices. As of December 13th, the average market price in East China was 12,900 RMB/ton, and as of December 9th, the average price was 12,800 RMB/ton. Within the week, it rose by 0.87% and fell by 22.29% year-on-year.
Analysis review
This week, the TDI market was significantly boosted by news reports, as the Shanghai Kesichuang TDI maintenance equipment did not resume operation as scheduled, and the unstable operation of equipment such as Fujian Wanhua and Xinjiang Juli led to supply tightening. Traders were reluctant to sell at low prices, and the price center shifted slightly upward. Downstream demand was relatively calm, cautious entry into the market, and low transaction volume.
Supply side: Shanghai Covestro 310,000 ton plant shutdown and maintenance, Xinjiang Juli. The operation of Fujian Wanhua and Gansu Yinguang facilities was unstable.
On the cost side, there were fluctuations within the upstream toluene range, and the overall performance of supply and demand was weak, which provided moderate support for TDI.
Market outlook
The TDI data analyst from SunSirs believes that the TDI market supply and demand were weak, and downstream stocking intentions were not strong. It is expected that the TDI market will remain stagnant in the short term, and close attention will be paid to changes in market supply and demand.
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