According to the monitoring data of business agency, the price trend of TDI in East China fell first and then stabilized this week. As of April 22, the average market price in East China was 18375 yuan / ton, down 2.39% during the week and 7.08% month on month compared with 18825 yuan / ton at the end of last week.

During the week, the TDI market was weak. Affected by public health events, the logistics and transportation in the yard were blocked, and the trading in the yard was difficult. In addition, the downstream was affected by the epidemic, the purchase enthusiasm was not high, the terminal procurement was just needed, and the new orders in the market were weak. In terms of supply, the supplier parked multiple sets of TDI devices, the supply of goods in Shanghai was tight, the game between supply and demand, and the TDI market was in a stalemate. As of the 22nd, the quotation range of domestic goods in the distribution market in East China is about 17400-17800 yuan / ton, and that of Shanghai goods is 18000-18500 yuan / ton, mainly based on actual order negotiation. The dealer’s quotation will rise with the market news, and will be sorted down within the week.

The upstream toluene market was sorted upward, and the price fell first and then rose within the week. As of April 22, the average domestic price of toluene was about 7360 yuan / ton, down 2.94% from the price at the end of last week. During the week, the international crude oil showed a downward trend, but the gasoline price in Shandong continued to rise, which gave good support to the toluene Market. Coupled with the improvement of transactions in other domestic regions, the quotation in East China followed the rise, and the domestic toluene market rose as a whole.

According to the analysis of TDI data division of business society, at present, the downstream market entry enthusiasm of the domestic TDI market is not high, the terminal purchase is just needed, the supplier’s inventory is not under pressure temporarily, the on-site operators have a wait-and-see attitude and maintain stable shipment, while the logistics transportation is blocked, resulting in slow progress downstream. It is expected that the short-term TDI market will maintain a temporary stable wait-and-see operation, and the future market trend will pay attention to the downstream follow-up.