According to the Commodity Market Analysis System of Business Society, the TDI price in East China has slightly decreased this week. On January 7th, the average market price in East China was 16700 yuan/ton, a decrease of 100 yuan/ton compared to the price of 16800 yuan/ton on January 1st, a decrease of 0.60%.
This week, the domestic TDI market is observing and consolidating, with slight price fluctuations. The filling of factory spot goods is slow, and suppliers continue to support the market. The mentality of the trade market is not good, and holders are actively shipping, with limited actual transactions. Downstream purchasing enthusiasm is not high, and there is a strong demand for purchasing when entering the market, which weakens the support for TDI and leads to a slight decline in market prices.
The upstream toluene market is relatively strong and rising. On January 7th, the domestic average price of toluene was around 6680 yuan/ton, an increase of 1.67% compared to the price of 6570 yuan/ton on January 1st. The international crude oil price has rebounded compared to the previous period, with support from the cost and external prices of toluene. The price of toluene in Asia has rebounded, while domestic production has slightly decreased, easing the pressure on toluene supply. In terms of demand, downstream demand for toluene is limited, and support for toluene is limited. The toluene market has slightly increased.
In the future market analysis, TDI data analysts from Business Society believe that the domestic TDI spot filling is slow, and holders are observing the guidance of supplier information, actively shipping, and downstream buyers follow up on demand. The market supply and demand performance is stagnant, and TDI is in a dilemma of rising and falling. From the perspective of the news, TDI major factories may adjust prices on a weekly basis, which may affect the mentality of traders. Considering that there is stock demand in the downstream before the holiday, holders have a strong intention to rise. It is expected that the TDI market may be stronger in the later stage, and specific attention will be paid to downstream buyers and the release of market news from suppliers.
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