According to the Commodity Market Analysis System of Business Society, the recent trend of TDI prices in East China has been mainly stable. On September 18, the average market price in East China was 18033.33 yuan/ton, an increase of 0.19% compared to the price of 18000.00 yuan/ton on September 11, and a decrease of 5.09% compared to the previous month.

The domestic TDI market is stagnant and operating, with slight price fluctuations. Last week, the market learned that Shanghai Kesichuang was closed and the execution price was raised. At the same time, other factories had limited supply, the market supply was tight, and suppliers had a clear attitude of supporting the market. Traders followed the market, and the offer was raised. However, downstream demand was average, the stocking atmosphere was poor, market trading was light, and the TDI price increase was limited. The operators had a wait-and-see mentality.

The upstream toluene market continues to rise. On September 18th, the domestic average price of toluene was around 8380 yuan/ton, an overall increase of 1.70% compared to the price of 8240 yuan/ton on September 11th. The international crude oil price has risen, and the cost of toluene has been positive. At the same time, with the support of export orders, the price of toluene has increased simultaneously. However, domestic downstream demand is weak, and there is resistance towards high priced toluene, which to some extent limits the increase in toluene. The price of toluene has narrowed down.

In the future market analysis, TDI data analysts from the business agency believe that the supplier’s stock is tight, the factory has a strong mentality of price competition, and downstream demand follow-up is insufficient. Coupled with resistance towards high prices, the enthusiasm for entering the market is average, and there is a game between supply and demand on the market, with insufficient positive support. As the National Day holiday approaches, considering downstream reserve demand, it is expected that the TDI market in the future will continue to rise. Please pay attention to the release of supplier information.