According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has slightly increased this week. As of November 7th, the average market price in East China was 13666 yuan/ton, and on November 3rd it was 13566 yuan/ton, with a weekly increase of 0.74% and a year-on-year increase of 5.53%.
This week, the TDI market stopped falling and rose. During the week, the northern factory suspended accepting orders due to tight supply; The price of major factories in Shanghai has been raised to 14200 yuan/ton. The frequent news of tightening on the supply side supports the mentality of industry players. The intermediary’s low price has increased, and the focus of price transactions has shifted upward. Downstream consumers hold a resistance to prices and buy on demand, with limited growth in trading volume.
Supply side: Fujian TDI plant operates with reduced load. The 150000 ton/year TDI plant of Hanhua in South Korea was shut down for maintenance on November 3rd and is expected to resume operation around November 20th. Shanghai Covestro has a maintenance plan for November.
Cost wise: The toluene market is experiencing a strong upward trend. The toluene market offers high prices, but low prices are difficult to find. The main production areas have pushed up prices, and the prices of related aromatic products have also risen synchronously, forming further favorable conditions. After experiencing a wave of upward trend, digest and organize the operation.
Market analysis shows that the TDI data analyst from Shengyi Society believes that the current TDI market has a strong mentality of price support among suppliers, with traders converging at low prices and average market transactions. It is expected that the TDI market will operate strongly in the short term and closely monitor changes in supply and demand in the future.