According to the Commodity Market Analysis System of the Business Society, the domestic TDI price trend was fluctuating in August. At the beginning of the month, the average TDI market price was 18100 yuan/ton, and at the end of the month, the price was 18500 yuan/ton. Within the month, it increased by 400 yuan/ton, an overall increase of 2.21%.
In August, the TDI market experienced a high level of volatility and overall performance was relatively strong. At the beginning of the month, TDI prices rose significantly, mainly due to the dense supply of positive news from suppliers, and strong demand from holders. Overseas BASF in South Korea and Mitsui TDI devices in Japan shut down, foreign supply tightened, and domestic orders improved. At the same time, news of a device load reduction by a large factory in North China was released, and on-site spot supply was tight, supporting a significant increase in TDI prices; By the 17th, TDI prices fluctuated within the range, and at this stage, spot prices continued to be tight. Downstream demand followed up, and trading in the trade market was moderate. The market mentality was mostly wait-and-see; In the later stage, demand weakens, downstream follow-up is limited, and the trade market mentality is entangled. Some holders have reported downward, and the focus of market transactions continues to decline slightly.
The upstream toluene market rose narrowly, with a price of 8090 yuan/ton at the end of the month, an increase of 230 yuan/ton or 2.93% compared to the price of 7860 yuan/ton at the beginning of the month. On the cost side, the price of naphtha fluctuates and increases, and the rise in raw material prices is good for toluene support. The international crude oil price fluctuates at a high level, and toluene cost support still exists. At the same time, driven by the increase in exports, the toluene market is operating at a high level.
According to the TDI data analyst from the Business Society, the supplier’s stock situation is tight, and the factory’s attitude towards the market is mainly positive. Downstream customers have a resistance towards high prices, and their enthusiasm for entering the market is average. Market trading is light, and there is insufficient support for positive market conditions on the market. Under the supply and demand game, it is expected that the TDI market will remain stagnant in the future, and specific attention will be paid to downstream follow-up.
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