BASF Shanghai ramps up rates on restarted TDI

25 June 2008 11:01  [Source: ICIS news]

SHANGHAI (ICIS news)--Shanghai BASF Polyurethane Co (SBPC) restarted its 160,000 tonne/year toluene di-isocyanate (TDI) plant over the weekend after a maintenance and was ramping up operating rates, a company source said on Wednesday.

SBPC shut down the TDI plant, located at the Shanghai Chemical Industry Park at Caojing in Shanghai, in early June for a two-to-three-week scheduled turnaround.

Spot drummed TDI dropped yuan (CNY) 500-2,000/tonne($73-291/tonne) from last week to CNY46,000-47,500/tonne DEL (delivered) all regions amid low trading volumes and weak buying sentiment.

TDI is a feedstock for polyurethane (PU), which is used in the automobile, construction and footwear industries.

($1 = CNY6.87)

Vera Huang of CBI contributed to this article

By: Judith Wang
+65 6780 4359

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