26 May 2011 00:17 [Source: ICIS news]
Isocyanates and polyols are used to make polyurethanes.
The trend has increased prices for propylene, adding pressure to downstream products.
As a result, polyols and isocyanates prices have gradually increased from the beginning of 2011, even as West Texas Intermediate (WTI) crude values fell recently following a high of $114.83 on 2 May.
Additionally, toluene, a raw material for toluene di-isocyanates (TDI), is also in demand as an octane booster for gasoline, placing pressure on its availability.
Similarly, alternative uses for benzene keeps the feedstock for methyl di-p-phenylene isocyanate (MDI) in strong demand. For example, benzene is also a raw material in styrene production.
Also, a supplier said
Automobile demand is strong, despite news of weaker production, blamed mostly on a lack of parts usually supplied by
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