09 November 2010 19:56 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--A producer indicated toluene di-isocyante (TDI) prices into Latin America could trend up, driven by tightening availability, market participants said on Tuesday.
The sources spoke on the sidelines of the 30th Latin American Petrochemical Association (APLA) annual meeting.
China’s policy of moving subsidies toward the export of finished goods, rather than raw materials, could lead to less TDI being available from China, the sources said.
China is intent on exporting more value-added products than feedstocks.
The policy would lead to more domestic consumption of locally-produced TDI, with more finished urethane foam products for export, the sources said.For more on TDI visit ICIS chemical intelligence
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