South Korea’s OCI restarts Kunsan TDI plant

20 November 2012 07:03  [Source: ICIS news]

SINGAPORE (ICIS)--South Korean company OCI has restarted its 50,000 tonne/year toluene di-isocyanate (TDI) plant at Kunsan on 20 November, according to a company source on Tuesday.

The plant was closed from 12 November for scheduled maintenance.

The source said, despite the restart, TDI supply will continue to be tight in Asia and the Middle East because of expected firm demand next month.

 “Supply will remain tight. Demand is recovering, so prices may increase in December,” the source added.

Spot prices of Asian TDI imports were at $2,750-2,900/tonne (€2,145-2,262/tonne) CFR (cost & freight) China Main Port (CMP) and Hong Kong in the week ended 14 November.

($1 = €0.78)

By: Muhamad Fadhil
+65 6780 4356

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