According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China experienced a weak decline in June. At the beginning of the month, the average TDI market price was 12266 yuan/ton. On June 27th, the TDI price was 11400 yuan/ton, a decrease of 7.07% during the month and a year-on-year decrease of 20.65%.
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In June, the TDI market in East China weakened from strong to weak, with prices continuing to fall. At the beginning of the month, the high-level supply of goods was not smooth, and intermediaries entered and exited quickly. In order to stimulate sales, TDI prices began to decline slightly. In the middle of the month, market maintenance and restart coexist, with relatively fast filling of market supply and sufficient supply. Due to strong supply and weak demand, downstream companies entered the market on dips, causing TDI to accelerate its decline. At the end of the month, the supplier raised prices, with some individual quotes slightly increasing, and the downstream acceptance rate was average.
Supply side: Shanghai facility resumes operation. Gansu is operating at medium to high load. The shutdown and maintenance of the 128000 ton/year TDI plant in Tokyo, Japan is expected to last for 2 months. There is a maintenance plan for the 360000 tons/year TDI plant in Fujian on June 5th, which will last for about 45 days.
In June, upstream toluene was greatly affected by oil prices and supply and demand. From June 1st to 27th, the domestic toluene market price rose from 5470 yuan/ton to 6097 yuan/ton, with a price increase of 11.05% during the period. Due to the shutdown and maintenance of some enterprises in the first half of the month, the market supply has been in a tight state. In the second half of the month, international oil prices fluctuated and rose, with toluene following suit.
Market analysis shows that the TDI data analyst from Shengyi Society believes that the current news side has limited support for the market, facing a low demand season and weak TDI market growth. As the end of the month approaches, close attention should be paid to the settlement prices of major companies, and it is expected that the TDI market will consolidate and operate in the short term.
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