This Week's TDI Market Decline Slows Down (9.15-9.19)

September 19th, news:

According to the commodity market analysis system, the decline in the TDI market in East China has slowed this week. As of September 19, the average market price in East China was 13,800 CNY/ton, and on September 15, the average price was 13,866 CNY/ton, with a weekly price decrease of 0.48% and a year-on-year increase of 3.37%.

This week, the TDI market price decrease in China has diminished, with the downward trend slowing. TDI production at major factories remains stable, and the supply of goods in the market is steady, strengthening suppliers' resolve to hold prices. At the same time, demand remains weak. During the week, a major factory in Shanghai suspended quotations, boosting the confidence of industry players. Most intermediaries are following the market, but downstream buyers, due to tightened profits, show low enthusiasm for entering the market. Restricted by demand, the TDI market in China remains weak.

Supply side: The TDI unit of Yantai Wanhua in China began a shutdown for maintenance on August 19, with the maintenance expected to last around 40 days. Other units are operating steadily.

Cost aspect: The toluene market in China has a bearish trading atmosphere, with moderate market transactions. There is limited guidance from news, and a strong wait-and-see sentiment prevails.

Looking ahead, TDI data analysts believe that with TDI prices now at a low point, industry players are becoming increasingly cautious. Under the ongoing tug-of-war between supply and demand, the TDI market is expected to remain in a narrow trading range in the near term.