According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has slightly declined this week. As of August 22, the average market price in East China was 15400 yuan/ton, and on August 18, the average price was 15666 yuan/ton, a decrease of 1.7% during the week and a year-on-year increase of 9.22%.
This week, the TDI market continued its downward trend. The newly built TDI Phase II plant (360000 tons/year) in Fujian Industrial Park has been completed and put into operation recently, producing qualified products. The duration of force majeure at the TDI factory in Germany has exceeded expectations, and the Shanghai factory has once again lowered its supply to the European market by 10% in China this month. Overseas demand remains strong. Factories control goods to increase prices, traders follow the market, and downstream resistance to high prices is evident. Under the supply-demand game, the focus of TDI transactions has shifted downwards.

Supply side: The TDI plant in Yantai will be shut down for maintenance starting from August 19th, with an expected maintenance period of about 40 days; Gansu Yinguang stopped for maintenance on July 27th.
On the cost side: The toluene market has slightly declined, with downstream demand driven procurement resulting in a weak overall supply and demand, and a quiet atmosphere.
Market analysis shows that the TDI data analyst from Shengyi Society believes that the TDI market will continue to maintain a tight supply situation, with favorable supply side conditions. However, downstream demand is poor, and it is expected that the TDI market will maintain a weak trend in the short term. We will closely monitor market supply and demand as well as changes in the news side.