According to the monitoring data of Business News Agency, the price trend of TDI in East China continued to rise this week. On February 3, the average market price in East China was 20766.67 yuan/ton, an increase of 8.16% compared with the price of 19200.00 yuan/ton on January 27, and a month-on-month increase of 9.68%.

This week, the TDI market was in strong operation. After the holiday, the information from suppliers was released intensively. Fujian’s local 100000 tons of TDI devices were permanently shut down on February 1. Shanghai Costron’s latest one price increase and limited supply. Then a large factory in North China announced the high weekly settlement price, and at the end of the month, the monthly listing price of the large factory announced the increase. According to the information guidance, the TDI offer rose sharply, the downstream demand for goods was weak, and the inquiry atmosphere in the market was general. However, due to the tight supply and strong support of suppliers, the dominant position of the seller’s market was obvious, and the TDI price rose at a high level. As of the 3rd day, the domestic product quotation range of the distribution market in East China was about 20300-21000 yuan/ton, and the Shanghai product quotation range was 20500-21300 yuan/ton, and the real order negotiation was the main.

The upstream toluene market is stronger, and the price trend rose and then fell slightly. As of February 3, the domestic average price of toluene was about 7070 yuan/ton, an overall increase of 7.28% compared with the price of 6590 yuan/ton on January 28. After China optimized the epidemic prevention and control policy, the market was optimistic about China’s energy demand, 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. According to the guidance of market news, the focus of the toluene market was upward.

According to the aftermarket analysis, TDI statisticians of the business agency believe that the market news in the market is mostly positive, the fundamentals of the suppliers are strong, the trade market mentality is strong, the TDI offer is high, the market price is difficult to find, the demand side, the downstream follow-up to the high price supply is limited, the TDI rising trend may be limited, and it is expected that the short-term TDI market will run at a high level, and there will be follow-up under specific attention.