Dow lifts FM on TDI out of Freeport, Texas facility

06 November 2009 18:28  [Source: ICIS news]

HOUSTON (ICIS news)--Dow Chemical removed the force majeure (FM) on its Voranate toluene di-isocyanate (TDI) at the company’s Freeport facility in Texas, the company said on Friday.

Dow said it has completed the repairs necessary due to the breakage of equipment in early October, and has resumed normal TDI operations and activities.

The FM was lifted, effective on 5 November, the company said.

Barring large fluctuations in feedstock costs, US TDI prices were expected to remain steady for the remainder of 2009.

Over the past few weeks, the US TDI market discussed an additional 10 cent/lb ($220/tonne or €147/tonne) increase on the table for November pricing, but last week the hike was rescinded, sources said. TDI prices increased by 10 cents/lb in October, according to data from global chemical market intelligence service ICIS pricing.   

Other major US TDI producers include BASF and Bayer.

($1 = €0.67)

For more on TDI, visit ICIS chemical intelligence
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By: Leela Landress
+1 713 525 2653

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