According to the commodity market analysis system of Business Society, the TDI market in East China experienced a slight increase this week. As of February 6, the average market price in East China was 14,500 yuan per ton, compared to 14,333 yuan per ton on February 2, representing a weekly increase of 1.16% and a year-on-year decrease of 0.68%. The TDI market maintained its upward trend this week. By the end of the week, the quoted price for domestically produced TDI in East China ranged between 14,200 and 14,400 yuan per ton, while the quoted price for Shanghai-produced TDI was around 14,500 to 14,600 yuan per ton. During the week, BASF announced a price increase of 200 USD per ton for TDI in the Asia-Pacific region (excluding mainland China) and the MEAF region. Coupled with unstable operations at some facilities and delayed supply replenishment, market confidence was boosted. Suppliers maintained firm prices and pushed for increases, while traders followed market trends, resulting in a reduction in low-end quotations. On the demand side, as the Spring Festival approaches, downstream stockpiling is nearing completion, and transaction activity remains moderate. On the supply side, Fujian Wanhua's 360,000-ton-per-year TDI unit experienced a temporary shutdown, and a 50,000-ton-per-year TDI unit in South Korea underwent maintenance, expected to last two weeks. On the cost side, toluene trading activity weakened, with prices retreating from highs and insufficient buying interest. Looking ahead, Business Society's TDI analyst believes that with the Spring Festival holiday approaching, the market is expected to maintain its current consolidation trend. Supported by the supply side, the TDI market is anticipated to remain in a stalemate and consolidate in the short term.
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