According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China fluctuated narrowly this week. As of January 30th, the average market price in East China was 14166 yuan/ton, and on January 26th, the average price was 14100 yuan/ton, with a weekly increase of 0.47% and a year-on-year increase of 1.19%.
The TDI market maintained its upward trend this week. As of this Friday, the domestic offer price for TDI in East China is between 13800-14000 yuan/ton; The Shanghai cargo offer price is around 14100-14200 yuan/ton. During the week, market trading became increasingly cautious, and traders converged at low prices, waiting for the release of the end of month settlement price and the latest listing price at the beginning of the month from major companies. The market trading atmosphere is average, with some offers slightly rising and terminal stocking enthusiasm calmly entering the market. Under the supply-demand game, the TDI market is experiencing narrow range fluctuations,
Supply side: 360000 tons/year TDI plant in Fujian is temporarily shut down; The 50000 ton/year TDI plant in South Korea will be shut down for maintenance, with an estimated duration of two weeks.

Cost aspect: Recently, the toluene market has been affected by the strengthening of crude oil, and the toluene market has followed suit. Since January, the price of toluene has risen sharply, and TDI cost support has strengthened.
Market analysis shows that the TDI data analyst from Shengyi Society believes that the current downstream demand is flat, cautious entry into the market, difficult to increase trading volume, and limited positive market drivers. It is expected that the TDI market will maintain a range oscillation trend in the short term.