11 March 2013 18:56 [Source: ICIS news]
MEXICO CITY (ICIS)--Tight availability of toluene di-isocyanate (TDI) in North America is expected to ease by mid-May or June once US production is normalised, relieving the upward pressure on prices, a market source said on Monday.
TDI price increases proposed for North America remain under discussion, the source said on the sidelines of the 18th annual Plastimagen international plastics exposition and conference.
TDI availability has been tight as a result of a maintenance turnaround at Bayer MaterialScience’s isocyanates plant in Baytown, Texas, which supported price-hike initiatives of 5 cents/lb ($110/tone, €85/tonne) or 8 cents/lb, depending on supplier.
Problems during the turnaround led to Bayer’s declaration of force majeure on TDI. Additionally, BASF announced a 100% allocation on TDI. No updates have become available for either Bayer’s force majeure or BASF’s allocation.
Plastimagen ends on Friday.
($1 = €0.77)
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