TDI market is difficult to improve in the short term

Since December 2021, the TDI market price has risen by nearly 1,000 yuan (ton price, the same below), but the market performance is tangled near the end of the year, and it is weak in long and unprofitable in short.

Repair device restart

Meng Xianxing, vice president of Shandong Research Institute of Chemical Industry, introduced that in December 2021, TDI equipment continued to have problems, supply replenishment was slow, and prices rose moderately by about 6%

The survey data shows that since mid-December 2021, the weekly production of TDI commodities has stabilized at 16,000 tons, and the operating rate is 52.

"The latest supply-side TDI guidance prices are both ups and downs, and the unclear direction has made the industry hesitate

The cost is difficult to maintain

As a raw material toluene, the overall demand in the international market has been weak recently, and the room for price upside is limited

Wang Quanping, chief engineer of Shandong Kenli Petrochemical Group, said that since the fourth quarter of 2021, the volatile and rising international crude oil prices have supported the naphtha and toluene markets to a certain extent, but the spread between the two has not shown a widening trend, especially in 2021.

　　The domestic toluene market is also showing a downturn

　　From the perspective of downstream demand, gasoline is dominated by regional demand, and demand in the solvent industry is weak

　　Regarding the market outlook, Wang Quanping said that the contradiction between supply and demand in the short-term toluene market has not yet been alleviated

　　"Lying down" on the demand side

　　The soft foam polyether market downstream of TDI continues its downward trend, but the pace has slowed down

　　Meng Xianxing said that the current cost pressure of polyether manufacturers still exists.

　　The peak season of the downstream terminal industry is coming to an end.

　　Specifically, the terminal automobile industry performed slightly better at the end of the year and actively completed the order tasks; the demand side of soft foam was flat, with rigid demand as the main country; the sponge order volume was acceptable, and the mentality was slightly "flattened", and the contract volume was mainly , External procurement is not active; the curing agent industry due to the fall in the price of trihydroxy, L-75 Yin fell to around 16,000 yuan; runway, waterproof and other industries demand is general, rigid demand

　　The industry believes that although the supply is still tight, the terminal is not willing to stock up on large orders, and it is difficult for middlemen to pay high prices, and the follow-up TDI market is in a dilemma