03 March 2010 03:56 [Source: ICIS news]
SINGAPORE (ICIS news)--Mitsui Chemicals has resumed 70-80% operating rates at its Kashima-based 120,000 tonne/year toluene di-isocyanate (TDI) facility, in Japan’s Ibaraki prefecture, after restarting the unit it on 1 March, a company source said on Wednesday.
“That’s a good news for us. We really need some TDI in India, as the local producer does not have much materials to offer,” an Indian trader said.
Mainstream deals reported on CIF (cost, freight and insurance) India were at $3,200-$3,250/tonne (€2,336-2,373/tonne), and subsequent offers were cited as high as $3,300/tonne CIF India, market players said.
The sole TDI producer in India - Narmada Chematur Petrochemicals Ltd (NCPL) - held out the offers at Indian rupess (Rs) 164.50/kg ex-works, effective from two weeks ago, equivalent to $3,325/tonne CIF India.
Besides that, other 120,000 tonne/year TDI unit and 60,000 tonne/year MDI facility at Omuta, in Fukuoka prefecture were operating normally at the meantime, the source said.
Annual maintenance for the three facilties were still on track, where the units would be taken offline in May for a month, he added.
Other TDI producers in Asia include Yantai Wanhua Polyurethanes Co, KPX Chemical Co Ltd, BASF Urethane Korea.
($1 = €0.73)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections