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SE Asia & India Isocyanates Market Analysis 20160718-20160729
August 18, 2016    [Source:PUdaily]

Southeast Asia (hereinafter referred to as SE A or SE Asia) TDI market is reported to be flattish in the second half of July with good balance of supply and demand as well as steady price at around USD 2,300-2,450/ton CIF, with lower end from big China exporter and higher end from most South Korea suppliers...

Currently the main issue bothering many TDI suppliers is the export amount of China domestic TDI producer is quite big while the export price is at low level at around USD 2,000-2,050/ton FOB, lower for USD 300-400/ton than major prices. Thus some traders and end users in SE Asia also begin to purchase and try the ...

As for Asia TDI facilities, the Japan supplier still keep off-line for maintenance till scheduled restarting in mid-August, and its customers now resort to some Korea cargoes for trade. Korea TDI producers’ operation rate is still good with all three operating normally. The largest Korea TDI supplier is heard operating at 95% of total...

The polymeric MDI market has edged downward recently dragged down by continuously stagnant trading and significantly increasing supply mainly from China. Available cheap cargoes from Japan also exert weigh on the market and prices, according to market sources. Largely-heard prices are falling down by USD 50/ton in ...

In Vietnam, trading for July shipment has ratcheted back as many buyers have sufficient inventory on hand and are holding off purchasing fresh cargoes and several buyers prefer to keep negotiation for lower prices from July. Mainstream prices are slipping off USD 50/ton to USD 1,400/ton CIF and some suppliers have pared prices ...

In India, the TDI market is getting lower reported by many market players in the second half of July (especially the last week of this month) due to sluggish demand in monsoon season, added with fierce price competitions in the market. The largest Korea supplier is heard lower offer to USD 2,350/ton CIF in the week of July 18, and on July 28 price USD 2,300/ton CIF from the same supplier is also reported from market, which is ...

One of the larger MDI manufacturers in South Korea has restarted early this month but market sources say the plant might shut down again in August to conduct some maintenance that it failed to do in June, but there is no comment from the company. The supplier lifted force majeure on July 10...

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