According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China continued to decline this week. As of April 11th, the average market price in East China was 11766 yuan/ton, and as of April 7th, the average price was 12066 yuan/ton. It fell 2.49% within the week and 25.53% year-on-year.
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This week, the TDI market continued its downward trend. Affected by the news of tariff policies, the export market is hindered, and downstream market entry is cautious. Domestic demand is relatively flat, with limited demand pull. The market lacks favorable support, leading to further price declines.
Supply side: The source of goods is filled quickly and the supply is loose.
Cost wise: The price of toluene has decreased, with an average price of 6230 yuan/ton at the beginning of the week and 5860 yuan/ton over the weekend, a decrease of 5.84% during the week. Affected by tariff policies, prices have fallen sharply.
According to the analysis of the future market, the TDI data analyst from Shengyi Society believes that the TDI market currently has sufficient supply. In the uncertain macro situation, it is expected that the TDI market will operate weakly in the short term.
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