According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China remained stable but declined slightly this week, with a slight decrease in the actual transaction center. As of November 22nd, the average market price in East China was 12650 yuan/ton, and as of November 18th, the average price was 12650 yuan/ton. There was no increase or decrease during the week, with a year-on-year decrease of 26.02%.

This week, the TDI market has been running at a low level, with relatively quiet trading on the market. As the end of the month approaches, the supplier’s awareness of price increases, and traders maintain stable sales. However, the positive news support is insufficient, and the overall TDI price has slightly decreased.

Supply side: Shanghai Covestro’s 310000 ton plant has been shut down for maintenance, while Xinjiang Juli has upgraded its production capacity to 200000 tons per year, but the operation of the plant is unstable.

On the cost side, there are fluctuations within the upstream toluene range, and the overall performance of supply and demand is weak, which provides moderate support for TDI.

Market analysis shows that the TDI data analyst from Shengyi Society believes that the current TDI market is dominated by demand, and with no significant fluctuations in supply side equipment, demand remains weak. It is expected that the TDI market will operate weakly in the short term.