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China Polyurethane Monthly Report 201402
March 13, 2014    [Source:PUdaily]

2.1.1 TDI Market Overview

China TDI market has spent most of this month in waiting for demand pickup after it reopened on Feb. 7 but it finally does not happen as expected while the prices go up in the last week of this month boosted by suppliers’ big price hikes of around RMB1000/ton or Mar.
Fujian Southeast Asia Electrochemical begins supplying this month and regional market especially south China is weighed by this...

Southeast Asia and India TDI Market

TDI market in Southeast Asia also referring to Malaysia, Indonesia, Vietnam and Thailand continues being flattish to stable this month because of consumption slowdown from terminal market and local traders said there is a little trading activity in the market and almost are small lots since big end users buy feedstocks directly from suppliers...

2.1.2 RMB & USD Prices

Table 1 Monthly TDI RMB and USD Prices Comparison

Types
Unit
Feb. Average Price
Jan. Average Price
Fluctuation
Remarks
China
RMB/ton
19111-19607
19220-19530
-109, 77
Drum/Delivery
Imports
USD/ton
2330-2335
2305-2320
25, 15
Drum/CIF China

Note: RMB Cost =USD CIF price*(1+17%)*(1+6.5%)*(1+Anti-dumping Rate) * Exchange Rate +Import Port...

Toluene: Domestic toluene market softens this month on increasing supply and slowly recovering downstream demand but spot traders feel optimistic about market outlook amid forthcoming selling season and do not want to cut prices. Till the end, toluene stocks are offered at RMB7650-8200/ton...

2.1.4 Asian TDI Facility Dynamics

Producer
Plant Location
Capacity/Ktpa
Operating Note
Bayer MaterialScience (China) Co., Ltd.
Shanghai, China
250
Restarted on Dec. 17 after about one month maintenance and it operates regularly
Shanghai BASF Polyurethane Co., Ltd.
Shanghai, China
160
Restart on Dec. 12 after shutdown on Dec. 5 and it operates regularly
Cangzhou Dahua Group Co., Ltd.
Hebei, China
150
All three plants run regularly 
...

2.1.5 Import and Export Data

China TDI exports in Jan. 2014 under the HS code of 29291010 were 6409 tons, surging by 124.33% over 2857 tons in last Dec., but dropping by 31.31% compared with 9330 tons in last Jan., according to PUdaily im&export data.
Imports in Jan. were 3493 tons, declining by...

2.1.6 Future Market Forecast

China TDI is expected to go up continuously boosted by producers’ firm stance for Mar. delivery and buoyant sentiment amid busy..

2.2 Polymeric MDI

...

2.3 Pure MDI

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2.4 Propylene Oxide

...

2.5 Polyether Polyols

...

2.6 PTMEG

...

Downstream Industries

...

Building Energy Efficiency
Shanghai Has Conducted a New Index for Ppolyurethane Foam Board and Other Insulation Materials. Instructions on Shanghai Security Housing Energy Efficiency Design (thereafter refers to Instructions) came into effect formally early this year.
Affordable housing energy efficiency design that has submitted construction drawings for the record review has to comply with the Instructions since March 1st.
The Instructions regulate that internal insulation system should be put into priority when building exterior walls; the range of insulating layer should be set at the exterior walls of inner space or the internal surface of public area partitions. Buildings confirmed to use exterior wall external insulation system should employ the materials and systems that conform to current national fire protection technical standards, should design a external insulation system to prevent insulation materials crazing and dropping and formulate quality control points in construction technology; meanwhile, a written commitment should also be formulated to guarantee the quality and maintenance of the external insulation system...

News Spotlight in February

4.1 PUdaily News Focus

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4.2 Company Dynamic

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4.3 Industry Glance

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