Downstream demand downturn, TDI price decline (2.11-2.17)

According to the monitoring data of Business News Agency, the price trend of TDI in East China continued to decline this week. On February 17, the average market price in East China was 20100 yuan/ton, down 2.90% compared with the price of 20700 yuan/ton on February 11, and up 4.69% month-on-month.

This week, the TDI market was in a weak operation. The news from the suppliers was quiet during the week. The factory supply was still tight, the inventory was not under pressure, the trade market atmosphere was relatively low, the terminal downstream trading was weak, the demand for raw materials was less than expected, the TDI market trading was deadlocked, the traders’ falling prices stimulated shipments, the market transaction center moved downward, and the TDI price continued to decline as of the 17th, The quotation range of domestic goods in the distribution market in East China is about 1950-19800 yuan/ton, and the quotation range of Shanghai goods is 1980-20200 yuan/ton, which is based on the negotiation of actual orders.

The upstream toluene market was consolidated and the price trend rose slightly. As of February 17, the domestic average price of toluene was around 7140 yuan/ton, an increase of 0.56% compared with the price of 7100 yuan/ton on February 11. After the opening up of the economy, the market’s demand for China’s energy rose, boosting the rise of oil prices, and the downstream terminals were in the recovery and rising period as a whole, giving some support to the toluene industry. The toluene market fluctuated slightly.

According to the aftermarket analysis, TDI statisticians of the business agency believe that at present, the market mentality is game, the weak terminal demand stimulates some operators to reduce their prices, coupled with the early stage’s attitude of resistance to high-priced supply, the TDI price trend is downward, the supplier’s operating rate is low, the market supply is tight, and the supply side is still good. In the short term, the TDI market is stagnant, and in the long term, the price range fluctuates. There is follow-up under specific attention.