According to the Commodity Market Analysis System of Business Society, the domestic TDI price fluctuated and declined in April. At the beginning of the month, the average TDI market price was 16100 yuan/ton. On April 30th, the TDI price was 15500 yuan/ton, and it was reduced by 600 yuan/ton within the month, with an overall decline of 3.73%.

The TDI market in April was weak and volatile. In the first ten days, the TDI market continued its downward trend in March, with light trading in the terminal market, continued sluggish downstream purchases, weak trading market sentiment, and a continuous decline in market transaction focus; In the middle and later half of the year, TDI prices first rose and then fell. On April 11th, the positive news from major manufacturers was released, and the supply side offered a strong increase. TDI prices stopped falling and rebounded, but due to weak demand performance, low enthusiasm for downstream entry into the market, insufficient consumption in the terminal market, and weak downstream acceptance of high priced goods, TDI prices fell again under the leadership of demand.

The upstream toluene market rose and fell in April, with prices at 7610 yuan/ton on April 30th, an increase of 200 yuan/ton from the beginning of the month at 7410 yuan/ton, an increase of 2.70%. The international crude oil price fluctuates at a high level, and the cost of toluene continues to support; The demand for downstream oil adjustment and disproportionation reaction is lower than expected, and the support for toluene is relatively weak; The high level of port inventory has a bearish impact on the toluene market.

According to TDI data analysts from Business Society, the operation of TDI factories in China is currently stable, with high capacity utilization. The trade market mentality is conflicted, and the shipment of goods by holders is limited. The transaction focus continues to decline, and market confidence is insufficient; Downstream demand continues to be weak, with industry players taking a wait-and-see attitude. In the supply-demand game, it is expected that the short-term TDI market will be weak, with narrow price fluctuations. Please pay attention to the follow-up situation downstream.