According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has been actively pushing up this week. As of May 9th, the average market price in East China was 11166 yuan/ton, and as of May 5th, the average price was 10733 yuan/ton. Within the week, it increased by 4.04% and decreased by 24.55% year-on-year.

This week, the TDI market has shown a strong trend. The maintenance of major factories in Shanghai is imminent, and there have been frequent news of price increases from mainstream factories. Under the expectation of reduced supply, suppliers are actively pushing up prices, while intermediaries are raising their prices. The attitude towards downstream market entry is cautious, with a focus on essential needs. There is a shortage of new orders in the market, and high priced goods lack actual order support. The market needs support from the demand side.
Supply side: Wanhua and Gansu are operating at medium to high loads, while BASF has maintenance plans.
Cost wise: The price of toluene continues to decline, with an average price of 5390 yuan/ton at the beginning of the week and 5292 yuan/ton over the weekend, a decrease of 1.85% during the week. Downstream demand is dominant, with average enthusiasm for entering the market.
According to the analysis of the future market, TDI data analysts from Shengyi Society believe that after the holiday, downstream purchasing enthusiasm is average, and some are more resistant to high priced goods. It is expected that the TDI market will mainly digest the increase in the short term and maintain a range oscillation operation.