At present, the overall market for TDI is in a state of oversupply, while the downstream sponge factory has entered the off-season, the demand has been weakened, the TDI market has been sluggish, and the sales volume has apparently declined. The continued sluggish market demand made the recent TDI market volume thin.
The recent improvement in overseas exports, the chaos in the commodity market and the slump in international oil prices have made it difficult for the TDI market to show a positive status in the short term.
It is understood that Bayer's Shanghai annual production capacity of 250,000 tons of TDI equipment will be put into production in June, Japan's Mitsui 120,000 tons of TDI project will be re-started in late June, and Chenzhou Dahua 100,000 tons and 100,000 tons of southeastern Fujian Electrochemical TDI projects will be completed in the second half of 2011.
With the construction of new TDI projects and the expansion of expansion devices, the oversupply of TDI in Asia in 2011 will intensify. Asia's TDI shipments will increase by nearly 10%, exceeding the demand growth rate, which will further increase the pressure of oversupply.
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