According to the monitoring data of business agency, the price trend of TDI in East China rose first and then stabilized this week. As of March 25, the average market price in East China was 19775 yuan / ton. Compared with the price of 19225 yuan / ton at the end of last week, it increased by 2.86% during the week and 2.20% month on month.

During the week, the TDI market was deadlocked in consolidation and operation. In terms of supply, Gansu Yinguang and Yantai Juli devices had not been restarted, the market spot was tight, and the factory’s attitude of supporting the price continued. At the beginning of the week, the Shanghai factory announced an increase in the guiding price, which boosted the mentality of the field, and the market offer followed up. Then, the downstream follow-up was insufficient, the purchase in the market was weak, coupled with the impact of the epidemic in various places, the logistics and transportation were blocked, the market trading was weak, and the domestic market maintained consolidation. As of the 25th, the quotation range of domestic goods in the distribution market in East China is about 19000-19500 yuan / ton, and the quotation range of Shanghai goods is 19500-20100 yuan / ton, mainly based on actual order negotiation. The dealer’s quotation will rise with the market news, and will be sorted down within the week.

The upstream toluene market was sorted upward, and the price continued to rise during the week. As of March 25, the domestic average price of toluene was about 8057 yuan / ton, down 2.75% from last weekend. International crude oil rose continuously, the cost side support was strong, the operating rate of toluene decreased, the spot supply was tight, the operators were reluctant to sell, and the quotation rose. However, due to the impact of the epidemic situation in various regions, the logistics and transportation were blocked, and the transactions in the toluene market were limited, which affected the increase. The consolidation and operation of the future market was the main factor.

According to the analysis of TDI data division of business agency, at present, the trading volume of domestic TDI market is weak, and the demand follow-up is insufficient due to the impact of the epidemic. Although the cargo carriers intend to explore upstream, the downstream response is slightly flat. It is expected that the TDI market will continue to be in a stalemate, sorting and operation, and the future market trend will wait and see the downstream follow-up.