Japan’s Nippon Polyurethane eyes MDI turnaround in August

05 August 2010 04:24  [Source: ICIS news]

SINGAPORE (ICIS)--Japan's Nippon Polyurethane (NPU) plans to shut its 200,000 tonne/year methyl di-p-phenylene isocyanate (MDI) facility at Nanyo in Yamagata prefecture from end August for maintenance, a company source said on Thursday.

"The maintenance will end in mid-October, but exact dates are not confirmed," the source added.

At the same site, the company’s 70,000 tonne/year and 130,000 tonne/year MDI plants, together with the 200,000 tonne/year MDI unit, were currently operating at an average rate of 50-60%, he said.

In Ruian, China, NPU’s 50,000 tonne/year MDI splitter was shut from last week for a month-long turnaround, he added.

Chinese players expressed that the ongoing shutdown did not have much significant impact on the prices, as stocks were built up before the turnaround.

NPU is one of the active exporters into China.

On 4 August, spot domestic prices of polymeric-MDI (PMDI) and monomeric-MDI (MMDI) were discussed at yuan (CNY) 14,800-15,300/tonne ($2,186-2,260/tonne) DEL (delivered) and CNY16,500-17,000/tonne DEL respectively.

In the import market, PMDI prices were discussed at $1,720-1,750/tonne CFR (cost and freight) China and $1,850-1,950/tonne CFR China for MMDI, ICIS reported.

Other key MDI producers in Asia include South Korea’s BASF and Kumho Mitsui Chemicals and China’s Yantai Wanhua Polyurethane.

($1 = CNY6.77)

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By: Ong Sheau Ling
+65 6780 4359

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