BASF lifts force majeure on North American TDI

28 June 2011 23:33  [Source: ICIS news]

HOUSTON (ICIS)--BASF’s declaration of force majeure on toluene di-isocyanate (TDI) supply in North America was lifted in early June, industry sources confirmed on Tuesday.

Germany-based BASF declared force majeure on TDI supply when severe flooding in the lower Mississippi river disrupted delivery of raw materials to its 160,000 tonne/year plant in Geismar, Louisiana, according to a company letter to customers dated 17 May 2011.

Industry reaction to the declaration of force majeure was mixed, according to market participants.

Some TDI buyers said they were not adversely affected by the resulting product allocation, whiles others noted some delays in delivery.

For more on TDI, visit ICIS chemical intelligence

By: Ron Coifman
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