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According to the monitoring data of the business agency, the price trend of toluene diisocyanate (TDI) has continued to rise at a high level recently
.
As of October 13, the average TDI price in East China was 24,400 yuan (ton price, the same below), compared with 20,100 yuan on September 30, an increase of nearly 4,300 yuan, an increase of 21.
38%.
From the perspective of market trading, the enthusiasm of downstream market entry is not high, and a small amount of follow-up is mainly based on rigid demand, but the price of TDI has risen one after another
.
In this regard, business analysts believe that from the perspective of the external market, the large overseas supply gap has led to a tight
supply.
The 300,000 mt/year TDI plant at BASF's plant in Ludwigshafen, Germany, was shut down due to force majeure in March 2022; Hungary's Wanhua Chemical's 250,000 tons/year TDI plant began maintenance in July 2022 and was restarted at low load in early September.
The 300,000 mt/year TDI plant at the Covestro plant in Margen, Germany, suffered force majeure in August 2022 and has not been restarted
.
At the same time, macro factors have led to the tension of natural gas in Europe and the restriction of plant operations, which has once again aggravated the tight supply of
TDI in the European market.
From the perspective of the domestic market, news such as device maintenance, factory closure, and limited supply of large factories began to be released
.
In October, Wanhua Chemical issued an announcement on the suspension of production and maintenance of TDI equipment in Yantai Industrial Park; Shanghai Covestro TDI device parking seal.
Coupled with the recent slow logistics and transportation, the delivery period of Xinjiang Juli has been extended and the market supply has tightened
.
During the week, many news were stacked, the market bullish atmosphere was positive, and the TDI price was high to the upside
.
TDI data analysts believe that overseas demand is strong, and the focus of domestic factories is inclined to the export market; A number of factories have limited supply, TDI spot is tight, traders' quotations are rising, and the market is bullish
.
