TDI market overview

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On February 4, the domestic TDI spot market had a strong wait-and-see atmosphere. There are few transactions in the market. Major downstream manufacturers in North China have partially resumed operations, but there is no purchase demand. A small number of transactions in the East China market were reached at around 20,500 yuan/ton. Local downstream operations have gradually resumed operations, but price inquiries are rare. The contract price of an important supplier in East China in February was 20,000 yuan/ton, and market negotiation intentions have basically stabilized at around 20,000-20,500 yuan/ton. Most TDI traders in South China said that local downstream factories will not restart operations until Wednesday this week, and raw material procurement will have to wait until at least next week. The current price in US dollars is around 2,100 yuan/ton, and the market price is on a downward trend.