This week, the TDI market in East China experienced slight fluctuations. As of November 6th, the average market price in East China was 17200 yuan/ton, and on November 2nd, the average price was 17133 yuan/ton, with a weekly increase of 0.39% and a year-on-year increase of 25.85%.
This week, the TDI market saw a slight increase. The supplier’s willingness to raise prices remains unchanged, while the intermediary adjusts prices slightly to ensure shipment. Downstream demand remains high, market trading remains sluggish, and TDI price ranges are adjusted due to supply and demand competition.
Supply side: The TDI plant in Fujian is operating at medium to high loads, and the market supply is relatively stable.
Cost aspect: Recently, the price of toluene has dropped significantly due to the decline in crude oil prices. The market mentality is bearish, coupled with continued weak downstream demand, and the spot market is operating weakly.
In terms of future analysis, data analysts believe that the current TDI market supply and demand remain stable, and without clear guidance, it is expected that the TDI market will experience a weak and volatile trend in the short term.
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