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Asia Pacific Isocyanates Market Analysis 20180730-20180810
August 14, 2018    [Source:PUdaily]

PUdaily,Shanghai-In the past two weeks, Southeast Asia (hereinafter referred to as SE A or SE Asia) TDI market shows sluggishness, with ruling concluded offers at USD 3,400-3,450/ton CIF SE Asia from major China, Japan and South Korea TDI suppliers, which is USD 50-100/ton lower than the end of July...

For suppliers, supply of goods is more sufficient. Even though it is heard that the 160kt/year facility in South Korea is having some problems and operating rate is relatively low...

For demand, market demand gets slightly better than last month. In Malaysia, GST (goods and services tax) will be replaced by SST (sales and services tax), and it is likely that downstream users will buy more before September..

China TDI market increases a lot in the past two weeks and still remains high. After PU China, some local Chinese manufacturers rise quotations to RMB 32,500/ton, equal to USD 3,840 CIF China, which is RMB 1,500/ton higher than two weeks ago. On August 10, TDI market price is at RMB 30,500-31,000/ton for China-brand TDI, equal to USD 3,600-3,660/ton CIF China...

Meanwhile, turnaround of Gansu Yinguang’s 100kt/year plant is put off to August 15. Yantai Juli’s turnaround plan is in September...

In India, the TDI market keeps dropping. GNFC creases their offers to INR 250/kg (equal to USD 3,360/ton), down by INR 5/kg compared to July 27...

In Southeast Asia, polymeric MDI market runs weaker this month. Concluded offers in SE Asia for late July are at around USD 2,150-2,200/ton CIF, which is USD 50/ton lower than two weeks ago, and sources basically are from major China, Japan, ..

In China Taiwan, market price falls again recently. Main quotations are at USD 2,100-2,150/ton CIF in the past two weeks, down by USD 100/ton in contrast to July 27, with main sources from China, Japan, and South Korea...

In India, polymeric MDI market drops lately. Ruling offers in India are heard to be at around USD 2,100-2,200/ton CIF, which is USD 50/ton lower than July 27...

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