According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China fluctuated and fell in October, maintaining its weakness. At the beginning of the month, the average TDI market price was 13800 yuan/ton. On October 29th, the TDI price was 13500 yuan/ton, a decrease of 2.17% during the month and a year-on-year increase of 3.05%.
The TDI market remained weak in October, with suppliers offering higher prices while maintaining their willingness to ship. Traders followed the market and, in order to stimulate sales, the focus of price transactions slightly shifted downwards. The news side is relatively calm, the overall production is relatively stable, the source of goods is filling quickly, the supply is strong and the demand is weak, the TDI market transactions are average, and the price center is fluctuating downward.
Supply side: Fujian Wanhua TDI plant operates with reduced load. Other devices maintain stable operation.
Cost aspect: The supply and demand of the toluene market in October were relatively weak, with downstream chemical and oil blending industries showing stable demand, and procurement being more rigid. The prices in the East China market have fallen, and the enthusiasm for downstream market entry is relatively weak. In addition, the weakening of crude oil on the news side has led to a fluctuating downward trend in toluene prices.
According to the analysis of the future market, the TDI data analyst from Shengyi Society believes that the overall supply of TDI in October is abundant, and the Shanghai factory has maintenance plans in November, but the impact on the overall supply side is limited. The demand side is expected to weaken, and it is expected that the TDI market will continue to operate weakly in the short term.