18 November 2013 02:32 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--Toluene di-isocyanate (TDI) prices in the Americas are expected to remain steady during 2014 on ample global supply, a market participant said on Sunday.
Exports to Latin America from South Korea and other Asian producing countries that have ready TDI availability to supply moderate demand should drive a stable market in the Americas next year.
TDI prices in Latin America are expected to vary only moderately from current levels, the source said on the sidelines of the 33rd Latin American Petrochemical Association (APLA) annual meeting.
TDI prices in the Americas, including the US, have weakened in the past two months despite finely balanced supply and demand in the region, as only two TDI producers remain in the region.
Demand for TDI and polyurethane (PU) products should grow in the Americas in line with improving purchasing power in the developing region, as more consumers enter the middle class, according to the source.
The APLA conference ends on 19 November.
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