21 May 2012 00:00 [Source: ICB]
Toluene di-isocyanate (TDI) availability is tight in South America, but product due to arrive from Asia and Europe is easing supply concerns, industry sources said on May 9.
TDI supply on the Pacific coast of South America in March and April met about 50% of needs, market participants said.
They said the closure of Dow Chemical's plant in Camacari, Brazil, and a 30-day turnaround at BASF's complex in Geismar, Louisiana, contributed to the tightness.
In the US, however, the TDI market is steady in May on balanced supply and demand. Price increases of 20 cents/lb were implemented in the first quarter, sources said.
US TDI prices were assessed at $1.45-1.60/lb ($3,197-3,527/tonne, €2,462-2,716/tonne) DEL (delivered) in bulk.
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