According to the Commodity Market Analysis System of Business Society, TDI prices in East China have been running steadily since February. On February 7th, the average market price in East China was 17000 yuan/ton, which is the same as the price of 17000 yuan/ton on February 1st, with a month on month increase of 1.80%.
Recently, the domestic TDI market has remained stable and we are observing. Multiple sets of TDI devices in the factory have reduced their load, with slow spot filling and a focus on supporting the market. The trading market follows suit and actively ships, but the downstream pre holiday stocking atmosphere is average, procurement enthusiasm is weak, and the market trading atmosphere is weak. Traders are conflicted, and TDI quotations are operating steadily.
The upstream toluene market has slightly decreased. On February 7th, the domestic average price of toluene was around 6850 yuan/ton, a decrease of 0.44% from the price of 6880 yuan/ton on February 1st. The inventory of toluene at the port has increased and the production has slightly increased. The pressure on the supply side of toluene is still present, and the downstream demand in the off-season is weak, resulting in insufficient support for toluene. Under the influence of weak supply and demand and cost, the toluene market is weak and consolidating.
In the future market analysis, TDI data analysts from Business Society believe that domestic TDI spot filling is slow, factory news is quiet, and the trading market mentality is cautious. Holders offer steadily, and downstream markets are gradually entering a state of vacation. The trading atmosphere on the market is light, and it is expected that the short-term TDI market will operate on a wait-and-see basis. In the future, attention will be paid to downstream restocking after the holiday and the release of news from the supplier market.
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