<b>Year-end Summary: Overview of China’s TDI Market Performance in 2022</b>

2 022year, China’s GDPGDPDa1,210,207100 million yuan, a year-on-year increase3.0%. Under the influence of China’s “dynamic clearing” epidemic prevention policy, the industrial supply chain is not smooth, the international energy and food supply is tight, and the price of bulk commodities is running at a high level. These unfavorable factors have caused manufacturing and public consumption to decline to varying degrees.

China TDI Market Price

2022year, ChinaTDIThe market price is generally at a high level. Annual average price18363yuan/ton,1-12The monthly price is basically always higher than2020and2022year. Specifically,1-8months in general Maintain a volatile trend,8month -10Rising rapidly in the middle of the month,10Mid-month to12The beginning of the month fell rapidly,DecemberStarted to rebound slightly again in December.

ChinaTDISupply and Demand

2022Year China TDItotal capacity142tons. The total output is about 105.7about 10,000 tons, a year-on-year decrease 14.4%. Since2021year12After Gansu Yinguang went into maintenance due to an accident in January,2022It has not been restarted in 2022, which affects production by about 12 tons. in additionly:Arial,Helvetica,sans-serif”>6.3.2. Car