According to the commodity market analysis system, the price of TDI in the East China region continued to rise this week. On October 13th, the average price in the East China market was 18,933.33 yuan/ton, which was an increase of 900 yuan/ton compared to the price of 18,033.33 yuan/ton on October 6th, with a growth rate of 4.99%, and a month-on-month increase of 4.99%.

This week, the domestic TDI market has been showing strong performance with a steady price increase. After the holiday, news of TDI plant maintenance became frequent, boosting market sentiment and leading to a significant increase in offers from suppliers. On the 8th, it was learned that a Shanghai plant had to close again due to tight inventory. On the 9th, a major plant in North China increased its weekly payment price by 1,000 yuan/ton to 20,000 yuan/ton, and announced plans to shut down for maintenance on October 20th. After that, the TDI price at a major plant in Shanghai increased three times, from 18,700 yuan/ton to 19,900 yuan/ton. The plants showed strong intentions to support the market, and traders followed the news guidance, continuously raising their offers. As a result, the TDI prices increased significantly during the week.

As of October 13th, the operating status of domestic TDI plants is as follows:

Factory Name
According to the commodity market analysis system, the price of TDI in the East China region continued to rise this week. On October 13th, the average price in the East China market was 18,933.33 yuan/ton, which was an increase of 900 yuan/ton compared to the price of 18,033.33 yuan/ton on October 6th, with a growth rate of 4.99%, and a month-on-month increase of 4.99%.

This week, the domestic TDI market has been showing strong performance with a steady price increase. After the holiday, news of TDI plant maintenance became frequent, boosting market sentiment and leading to a significant increase in offers from suppliers. On the 8th, it was learned that a Shanghai plant had to close again due to tight inventory. On the 9th, a major plant in North China increased its weekly payment price by 1,000 yuan/ton to 20,000 yuan/ton, and announced plans to shut down for maintenance on October 20th. After that, the TDI price at a major plant in Shanghai increased three times, from 18,700 yuan/ton to 19,900 yuan/ton. The plants showed strong intentions to support the market, and traders followed the news guidance, continuously raising their offers. As a result, the TDI prices increased significantly during the week.

As of October 13th, the operating status of domestic TDI plants is as follows:

Factory Nam

- Yantai Wanhua: Capacity of 30, currently operating normally after restart on September 23rd.
- Fujian Wanhua: Capacity of 30, stopped for maintenance on October 8th, expected to resume production in about 10-15 days.
- Shanghai Covestro: Capacity of 31, operating steadily, planned maintenance in November.
- Shanghai BASF: Capacity of 16, operating steadily with tight supply.
- Cangzhou Dahua: Capacity of 14, operating at full capacity, planned maintenance from October 20th for about 4 weeks.
- Xinjiang Wanhua (Juli): Capacity of 15, stopped for maintenance on September 25th, expected maintenance period of about 45 days.
- Gansu Yingguang: Capacity of 12, stopped for maintenance on October 7th.

In the upstream market, the price of toluene fluctuated and declined, showing a weak trend during the week. On October 13th, the average domestic price of toluene was around 7,810.00 yuan/ton, a decrease of 4.87% compared to the price of 8,210.00 yuan/ton on October 6th. The international crude oil prices dropped significantly before the holiday, weakening the support from the cost side for toluene. The downstream operating rate decreased compared to before the holiday, leading to weakened demand support. Additionally, stable production and increased inventory of toluene after the holiday, coupled with bearish factors, led to a decline in toluene market prices.

Looking ahead, TDI data analysts believe that with the majority of TDI plant maintenance in October and tight market supply, suppliers are inclined to support the market, while traders in the trading market are observing factory news for guidance, resulting in high-level offers. Downstream industries are following up according to their demand, and the market trading atmosphere is light. Strong support from suppliers within the market is expected to result in a high-level consolidation of TDI prices in the short term. It is important to monitor the downstream follow-up situation.

Related listed companies: Cangzhou Dahua, North Huajin.