According to the monitoring data of business agency, the price trend of TDI in East China continued to rise this week. As of February 18, the average market price in East China was 19550 yuan / ton. Compared with the price of 19575 yuan / ton at the end of last week, it decreased by 0.13% during the week and increased by 9.07% month on month.

During the week, the TDI market was reorganized and put into operation. There was little change in the start-up of domestic TDI plants. Gansu Yinguang and Yantai Juli devices had not been restarted. The spot market continued to be tight. The supply of overseas TDI market was tight, the price was high, and the on-site cargo holders had a strong mentality of supporting the market. In the later stage, the downstream response was lower than expected, the market trading continued to be light, and the quotation of dealers decreased slightly. As of the 18th, the quotation range of domestic goods in the distribution market in East China is about 19000-19300 yuan / ton, and the quotation range of Shanghai goods is 19500-19700 yuan / ton, mainly based on actual order negotiation. The dealer’s quotation followed the market news and continued to rise during the week.

As of February 18, the operation of domestic TDI plants is as follows:

The upstream toluene market fluctuated, and the price rose first and then fell during the week. The overall price rose slightly. As of February 18, the domestic average price of toluene was about 6996 yuan / ton, up 0.38% from the price at the end of last week. In the first half of the week, driven by the wide rise of crude oil, the toluene market rose, but the downstream demand was limited and the rise of toluene was blocked. In the second half of the week, the guidance of raw oil on toluene weakened and the price of toluene decreased.

According to the analysis of TDI data division of business society, at present, the downstream demand follow-up is limited, and the domestic TDI market is dominated by high-level consolidation, while the foreign demand is strongly supported, and the TDI price driven by the export market will not be significantly reduced. Under the supply and demand game, it is expected that the future TDI market will be in a stalemate and consolidation, and the short-term price may be slightly reduced.