According to the Commodity Market Analysis System of Business Society, the TDI price in East China fell first and then rose in mid December. On December 20th, the average market price in East China was 16700 yuan/ton, which was the same as the price of 16700 yuan/ton on December 11th. The price increased by 0.40% compared to the beginning of the month.

The domestic TDI market has been fluctuating this cycle, with little price fluctuation. On the 11th, the market learned that the TDI devices of major factories in Xinjiang have restarted, and spot supply has increased. Business owners have a bearish mentality, and TDI quotations have been consolidated and declined; Afterwards, the market news remained quiet, with quiet trading on the exchange and stable trading by holders; On the 19th, the market learned that the restart of TDI devices in Shanghai’s major factories was delayed, causing the factories to close and temporarily not accept orders. The trading market showed an increasing intention to explore price increases, and the prices offered by holders slightly increased. Overall, demand is sluggish, supply side benefits are lacking, and the TDI market is weak and consolidating.

The upstream toluene price remains low, and the market situation is weak and volatile during the cycle. On December 20th, the domestic average price of toluene was around 6510 yuan/ton, which is unchanged from the price of 6510 yuan/ton on December 11th. The international crude oil price fluctuates narrowly, with weak support for the cost of toluene. Downstream demand is in the off-season, market inquiries are weak, and support for toluene demand is weak. In addition, domestic toluene production continues to increase slightly and port inventory pressure continues, which has a negative impact on the supply side. The toluene market lacks support and the market trend is weak and consolidating.

In the future market analysis, TDI data analysts from Business Society believe that the mainstream devices on the market have not yet restarted, and TDI spot filling is slow. Holders are mainly supportive of the market, while downstream demand is sluggish, with a small amount of rigid demand procurement. Market trading is limited, and the negative impact on the demand side is more obvious. Currently, the market supply and demand are in a dilemma, causing TDI prices to fluctuate more. In the later stage, the TDI market may continue to remain stagnant and consolidate. Specific attention should be paid to downstream follow-up situations.