According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has slightly declined this week. As of March 21st, the average market price in East China was 12100 yuan/ton, and as of March 17th, the average price was 12200 yuan/ton. Within the week, it fell by 0.82%, and compared to the same period last year, it fell by 27.11%.

This week, the TDI market is operating at a low level. There is sufficient supply on site, and traders offer prices according to the market, with downstream demand being the main focus. Intermediaries have a strong willingness to sell goods, and the focus of transactions is trending downwards. The lack of positive news in the market has boosted confidence among industry players, dragging down prices to continue falling.

Supply side: The source of goods is filled quickly and the supply is loose.

On the cost side: The price of toluene has fallen, and port inventories in East China are relatively high. Due to the sluggish local liquid chemical market, prices have generally declined during the cycle.

In terms of future analysis, the TDI data analyst from Shengyi Society believes that the TDI market currently lacks real order support, and downstream stocking willingness is not strong. With a mentality of buying up rather than buying down, it is expected that the TDI market will operate weakly in the short term.