According to the monitoring data of SunSirs, the price trend of TDI in East China continued to decline this week. On July 29, the average market price in East China was 15,850 yuan/ton, a decrease of 5.37% compared with the price of 16,750 yuan/ton on July 23. , down 10.07% from the beginning of the month.
During the week, the TDI market continued its weak downward trend, the downstream terminal industry was sluggish, the domestic and foreign trade demand was weak, and the enthusiasm for purchasing in the market was not good. Dealers are actively shipping, the trading center of gravity continues to move down, the trading atmosphere in the venue is weak, and the market is weak. Distributors followed the market, and the quotations continued to drop. As of the 29th, the quotation range of domestic products in the distribution market in East China was around 15,200-15,500 yuan/ton, and the quotation range of Shanghai goods was 15,500-16,000 yuan/ton.
As of July 29th, the operation status of domestic TDI plants is as follows:
| Factory Name | Capacity (10,000 tons) | Device Status |
| Gansu Yinguang | 12 | The device is shut down, and the resumption time is undecided |
| Wanhua Chemical (Yantai) | 30 | Smooth operation |
| Wanhua Fujian | 10 | A set of 50,000-ton plant was overhauled on June 2 and has been restarted; the other set of 50,000-ton plant is in a shutdown state |
| Cangzhou Dahua | 14 | Smooth operation |
| Yantai Juli | 3+5 | Shutdown for maintenance, resumption time undecided |
| Xinjiang Juli | 15 | Smooth operation |
| Shanghai Covestro | 31 | Shut down for maintenance from June 25th to 26th, restart on July 20th |
| BASF Shanghai | 12 | Shutdown for maintenance on July 5th, estimated for 1 month |
The upstream toluene market is in a weak consolidation. The price trend first fell and then stabilized during the week. As of July 29, the domestic average price of toluene was around 7,640 yuan/ton, a decrease of 14.16% from the beginning of the month. The crude oil market rose slightly, supporting the rise of toluene in the external market. However, in terms of downstream demand, most domestic downstream factories are in a state of parking, and domestic demand is not well followed up, giving limited support to the market. The toluene market will run on the sidelines this week.
Analyzed by SunSirs TDI data analysts, the domestic TDI market has a quiet trading atmosphere, weakening support from the supply side, continued weak downstream demand, stalemate in supply and demand, limited support for TDI due to a small amount of rigid demand follow-up in the market, poor mentality of the industry, and buying up The sentiment of not buying or falling is strong. It is expected that the market outlook of TDI will continue to be weak, and we need to pay attention to the downstream follow-up situation.
Related listed companies: Cangzhou Dahua (600230), Beihua (002246)
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