This Week TDI Market Focus Shifts Downward (8.11-8.15) in China

August 15th News

According to the commodity market analysis system, the TDI market in East China showed a downward trend this week. As of August 15, the average market price in East China was 16,066 CNY/ton, compared to 16,433 CNY/ton on August 11, a decrease of 2.23% within the week, and an increase of 13.95% year-over-year.

This week, the TDI market in China showed a downward trend. With high prices, the enthusiasm of downstream buyers to enter the market was low, and transactions were limited, supported only by rigid demand. Some profit-taking positions were quickly bought and sold, causing a slight decline in the price level. Suppliers' quotations remained firm, and the supply of goods was still tight. Under the tug-of-war between supply and demand, the transaction prices in the TDI market in China became more flexible.

Supply side: Xinjiang Jili stopped for maintenance on July 16, lasting about 35 days; Gansu Yinguang stopped for maintenance on July 27, lasting about 10-15 days. Hebei Cangzhou Daha plans to temporarily stop for maintenance in mid-August, lasting about 7 days.

Cost aspect: Toluene prices remained stable, with the average price steady at 5,560 CNY/ton. The toluene market, influenced by macro factors, has seen a softening in demand, leading to some price fluctuations.

According to TDI data analysts, the market analysis suggests that the TDI market will continue to maintain a tight supply situation. Supported by overseas orders, it is expected that the short-term TDI market will remain in a range-bound fluctuation. Close attention should be paid to changes in market supply-demand and news developments.