This week, the TDI market in East China experienced narrow fluctuations. As of July 24th, the average market price in East China was 16533 yuan/ton, and on July 20th, the average price was 16633 yuan/ton, with a weekly decline of 0.60% and a year-on-year increase of 16.16%.

The TDI market has been deadlocked this week. On the one hand, the supply side continues to tighten, with news of major factories stopping reporting and selling, and the supply side raising prices On the other hand, downstream demand remains cold, with low enthusiasm for entering the market. Traders operate cautiously, and market transaction prices have slightly loosened.
Supply side: The 200000 ton domestic Wanhua plant is undergoing maintenance for a period of 25 days. There is a maintenance plan for the 150000 ton plant in Gansu in early August. A set of TDI equipment in Fujian is temporarily shut down.
Cost aspect: Recently, the toluene market has been operating at a high level, boosted by the rise in crude oil prices and its own supply and demand, causing prices to rise to a high level. After a continuous rise, there is a lack of new bullish stimulus, and there is insufficient downstream willingness to chase higher prices. The risk of high-level pullback is gradually accumulating. It is expected that the pace of toluene price increase will slow down in the short term.
In terms of future analysis, TDI data analysts believe that under the current supply-demand game in the TDI market, the market is in a state of stagnation and consolidation. Without a significant improvement in demand, it is expected that the TDI market will fluctuate within a certain range in the short term.