According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China continued to decline this week. As of March 7th, the average market price in East China was 12150 yuan/ton, and on March 3rd, the average price was 12500 yuan/ton. It fell 2.8% within the week and 30.17% year-on-year.

This week, the TDI market continued to weaken and the decline slowed down. During the week, Shanghai’s major factories lowered their guidance prices, and the market’s trading center shifted downwards in the atmosphere of price decline. The TDI market has sufficient supply of goods, and downstream market entry is cautious, with a focus on essential needs. Traders’ quotes follow the market trend, with low-end quotes falling below 12000 yuan/ton. There are maintenance plans for the northwest unit, and the mentality of operators is slightly supported. TDI’s decline is slowing down.

Supply side: The TDI unit in Xinjiang is temporarily shut down, while other units are maintaining medium to high load operation, and the market supply is filling up quickly.

Cost wise: Upstream toluene has recently experienced a weak decline, with a strong wait-and-see atmosphere.

Market analysis shows that the TDI data analyst from Shengyi Society believes that the current TDI price has fallen to a recent low, compressing corporate profits and limiting the room for further decline. It is expected that the TDI market will consolidate and operate after a short-term decline.