29 June 2010 07:06 [Source: ICIS news]
SINGAPORE (ICIS news)--Fujian Southeast Electrochemical Co (SEEC) plans to start up its 50,000 tonne/year toluene di-isocyanate (TDI) plant in Fuzhou city, China in late 2012, a company source said on Tuesday.
“The start-up of the new plant will signal the completion of the first phase. In the second phase, the [capacity of the] facility will be expanded to 100,000 tonnes/year,” the source added.
Construction of the facility is currently in progress, the source said, quashing market rumours that it had not started.
“This is not a good news to the China import market,” said a south China-based importer said, citing that the country was fast achieving self-sufficiency in TDI production.
“Bayer [Material Science] will be starting up their [250,000 tonne/year] new plant in [the] first half of next year and the market is already pretty bearish due to their aggressive marketing during the current lull season," said a China-based producer.
"Another new plant in the market would mean another wave of downside potential [for the TDI market],” he added.
TDI, with flexible polyether polyols slabstocks, is used in the manufacture of foam used in beddings and mattresses.
Other TDI producers in China include Gansu Yinguang, Hebei Changzhou Dahua and BASF.
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