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Asia Pacific Isocyanates Market Analysis 20180716-20180727
July 31, 2018    [Source:PUdaily]
In the past two weeks, Southeast Asia (hereinafter referred to as SE A or SE Asia) TDI market falls in the beginning to USD 3,400-3,500/ton CIF and then pulls back again recently. Ruling concluded offers are at USD 3,500/ton CIF SE Asia shipment from major China, Japan and South Korea TDI suppliers...

For suppliers, supply of goods is relatively less sufficient in the past two weeks. The 150kt/year plant in South Korea operates at 70%-75% and will turn back to full rate in August...

For demand, market demand keeps running weakly. Downstream buyers purchase on demands and are in no rush to make orders...

China TDI market keeps increasing in the past two weeks. Some local Chinese manufacturers claim that their inventory is minor, and rise quotations to RMB 31,000/ton, equal to USD 4,195/ton FOB. And in market, on July 27, concluded deals are made at RMB 29,500-30,000/ton DEL...

In India, the TDI market is declining. GNFC decreases their offers to INR 255/kg (equal to USD 3,450/ton), down by INR25/kg compared to July 13. The big drop in India TDI market is not only because of sluggish market demands...

In Southeast Asia, polymeric MDI market keeps unchanging in the past two weeks. Concluded offers in SE Asia for late July are at around USD 2,200-2,250/ton CIF, which is the same level as two weeks ago, and sources basically are ...
In China, polymeric MDI market shows great rise lately. It is heard from the market that Covestro is facing issues on synthesis plant and they have suspended producing. In this case, supply becomes insufficient, and MDI in China climbs up high quickly...

In China Taiwan, market price keeps still in late July. Main quotations are at USD 2,200-2,250/ton CIF in the past two weeks, which remains the same as July 13, with main sources from China, Japan, and South Korea...

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