25 March 2013 19:33 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Asian producers’ toluene di-isocyanate (TDI) quotes into South America have recently become less competitive than US offers, sources said on Monday.
It was unclear why Asian producers have raised TDI offers to $3.30/tonne CFR (cost and freight) South America, an uncompetitive level when compared with US offers at about $3.00/tonne CFR South America, the sources said on the sidelines of the International Petrochemical Conference (IPC).
Specifically, suppliers in the US are quoting TDI at $3.00/tonne CFR South America in iso-tanks, while European product is being offered at $2.95/tonne CFR South America in drums, according to the sources.
Until recently, Asian TDI into South America had remained competitive with material sourced out of the US, the sources said.
Consumers had turned to Asia for supply of TDI when availability from the US became very tight in early 2012. Since then, South America TDI buyers have been relying on Asia to complete their requirements.
The conference runs through Tuesday.
($1 = €0.77)
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