09 May 2012 22:59 [Source: ICIS news]
HOUSTON (ICIS)--Toluene di-isocyanate (TDI) availability remains tight in South America, but product soon to arrive from Asia and Europe is easing supply concerns, industry participants said on Wednesday.
On the Pacific coast of South America, supply in March-April was satisfying only about 50% of requirements, sources said.
South American participants said that TDI availability issues began after Dow Chemical closed its TDI plant in Camacari, Brazil, and supplies became tighter with the 30-day turnaround at BASF’s complex in Geismar, Louisiana.
In the US, however, the TDI market is steady in May on balanced supply and demand, after the price increases totalling 20 cents/lb were implemented in the first quarter, sources said.
US TDI prices are assessed at $1.45-1.60/lb ($3,197-3,527/tonne, €2,462-2,716/tonne) DEL (delivered) in bulk.
Business remains healthy from major demand sectors in the US, particularly from automotive applications, participants said. Activity was also steady from furniture and bedding, according to sources.
US TDI suppliers are Bayer MaterialScience, BASF and Dow Chemical.
($1 = €0.77)
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