June 12 news
According to the commodity market analysis system, this week the TDI market in the East China region stopped falling and rose. As of June 12, the average market price in the East China region was 15,133 CNY/ton, while on June 8, the average price was 14,800 CNY/ton, with a price increase of 2.25% within the week, and a year-on-year increase of 32.36%.
This week, the TDI market in China has stopped falling and rebounded. During the week, major manufacturers suspended sales, and the supply side showed a stronger intention to maintain prices. The low prices in the market have converged, and traders have slightly increased their quotes. As prices rise, downstream buyers are cautious, with general demand and mainly small-volume transactions.
Supply side: The Wanhua facility in Fujian, China, is operating at a low capacity. The BASF facility in Shanghai, China, is shut down for maintenance, which will last for three weeks.
On the cost side: The toluene market has experienced volatile price declines in line with crude oil price fluctuations, with sluggish trading activity and limited guidance from market news.
In terms of future market analysis, TDI data analysts believe that the current TDI market is characterized by strong supply and weak demand. Influenced by the international situation, prices are rising cautiously. It is expected that the short-term market will remain relatively strong, so close attention should be paid to macroeconomic factors and changes in market supply and demand.
