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Asia Pacific Isocyanates Market Analysis 20180813-20180824
August 29, 2018    [Source:PUdaily]

In the past two weeks, Southeast Asia (hereinafter referred to as SE A or SE Asia) TDI market continues dropping, with ruling concluded offers at USD 3,200-3,300/ton CIF...

For suppliers, supply of goods is adequate. Even though it is heard that the 160kt/year facility in South Korea is operating at very low rate, they still should have enough stock to sell...

For demand, market demand is still in a stalement. In Malaysia, even though the implement of SST (sales and services tax) may stimulate downstream users to stock up larger amount of TDI before September, the downward trend of TDI prices result in both traders’ and buyers’ unfavorable stockpile...

China TDI market shows ups and downs since Mid-August. Near August 24, Gansu Yinguang’s 100kt/year plant begins turnaround and will last for a month. Therefore, on August 24, traders get more inquiry from buyers, and China-brand TDI rises slightly to RMB 30,200-30,500/ton ...

In India, the TDI market keeps still. GNFC keeps their offers at INR 250/kg (equal to USD 3,360/ton), which remains the same as two weeks ago. It is heard from the market that some South Korea and Japan suppliers offer USD ...

In Southeast Asia, polymeric MDI market keeps unchanging in late August. Concluded offers in SE Asia for late July are at around USD 2,150-2,200/ton ...

In China, polymeric MDI market shows sluggishness lately. Since market demand is still at a relatively low level, and supply is sufficient, MDI prices run weak. On August 24, MDI market rice is at RMB 17,000-18,800/ton, equal to USD 2,020-2,230/ton CIF China, down by RMB 1,200-1,500/ton...

Pure MDI price in China is at RMB 29,000-29,500/ton, equal to USD 3,450-3,500/ton CIF China, with higher end down by RMB 500/ton compared to August 10.

In China Taiwan, market price remains still in late August. Main quotations are at USD 2,100-2,150/ton CIF in the past two weeks...

In India, polymeric MDI market is on silent recently. Ruling offers in India are heard to be at around USD 2,100-2,200/ton CIF...

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