This Week's TDI Market Slightly Declined (10.20-10.24) in China

October 24, news

According to the commodity market analysis system, this week the TDI market in the East China region slightly declined. As of October 24, the average market price in the East China region was 13,566 CNY/ton, while on October 20, the average price was 13,600 CNY/ton, a decrease of 0.25% within the week, and an increase of 3.71% year-on-year.

This week, the TDI market in China was largely stable with minor fluctuations, remaining in a stalemate. During the week, the Wanhua Fujian plant continued to operate at reduced capacity, leading to a decrease in supply, but this had limited impact on the market. Operators were cautious, and traders maintained stable quotes, while downstream buyers showed low enthusiasm for entering the market. With tepid transactions, the TDI market in China operated within a narrow range.

Supply side: The TDI unit of Wanhua in Fujian, China is operating at reduced load. Other units are maintaining stable operations.

On the cost front: The toluene market is experiencing volatile downward trends. Major refineries in Shandong have partially lowered their factory prices and are actively pushing shipments, while downstream chemical and fuel-blending industries show relatively stable demand, with buyers primarily driven by immediate needs. Meanwhile, price levels in East China are declining, and downstream players remain cautious about entering the market.

Looking ahead, the TDI data analyst believes that downstream buyers are clearly resistant to the high prices of TDI, and the market lacks any significant positive signals. As a result, the short-term outlook for the TDI market is expected to remain volatile, trending slightly weaker.