BASF Shanghai announces a TDI price increase

Recently, the listing price of Shanghai BASF TDI was 21,000 CNY/ton, up 2,000 CNY/ton from December, and the settlement price of Shanghai BASF TDI (barrel) in December 2022 was 17,800 CNY/ton, unchanged from November.

It is reported that the average price of TDI in 2022 is between 18,000 CNY/ton and 18,300 CNY/ton, and once reached the highest price of the year of 26,500 CNY/ton in October, which is also the highest price of TDI in the past four years. The lowest price in 2022 appeared in August, at 14,900 CNY/ton.

In January, the increase in BASF's listing price had little to do with the low operating rate of domestic soft foam home and coatings in January 2023, mainly due to the normal adjustment of production capacity and social inventory, which had little impact on circulation, and the TDI East China market price this week was 19,000 CNY/ton, up about 10% year-on-year from December.