1、 Price trend

According to the data of the business club’s block list, the price of TDI in East China decreased slightly in December. At the beginning of the month, the average price of TDI was 12700.00 yuan / ton, and at the end of the month, the average price of TDI was 12666.67 yuan / ton, with an overall decrease of 0.26% in the month and an increase of 10.47% over the same period last year.

2、 Market quotation

This month, the domestic TDI market price was stable as a whole. In the middle of December, the price trend changed slightly. The market quotation in East China rose first and then fell, and the overall price fluctuation was small. In the early stage, the price rose because of the factory’s no pressure on inventory. After the weekly settlement price was announced, the price was higher than the market expectation, and the mentality of the industry was entangled, which led to the dealer’s quotation rising. In the late stage, the atmosphere in the market was cold and the factory’s price was low The weekly policy is stable, the demand of downstream is weakening, the quotation of dealers is stable, and some prices are down. The BASF plant in Shanghai was temporarily shut down due to failure. The supply and demand in the plant tended to be balanced, and the market was dominated by a small amount of rigid demand. The atmosphere in the plant was quiet. As of March 31, the market price of domestic goods in East China was 12200-12500 yuan / ton, and that of Shanghai goods was 12500-13000 yuan / ton.

The price of domestic TDI upstream nitric acid rose sharply this month, with an increase of 13.89% within the month. By the end of the month, the average price of domestic production was 2050 yuan / ton, the market demand was weak and stable, the transaction was ok, and the market was reorganized later. The upstream toluene market was reorganized and operated, with high port inventory and general downstream demand. Affected by the uncertainty of crude oil market, the trend of toluene was weak and the market transaction was not active The toluene market is expected to be weak in the future.

3、 Future forecast

According to the analysis of the Data Engineer of the business society: at present, the TDI market is in a stalemate, the new year’s Day holiday is approaching, the supplier’s mentality is stable, the downstream just needs to purchase, and the offer of the industry is stable. It is expected that the TDI market will temporarily run stably in the later period, and pay attention to the policy guidance of the factory.