Focus article by Nurluqman Suratman and Fahima Khail
SINGAPORE (ICIS)--China will continue to be the main global demand growth engine for methyl di-p-phenylene isocyanate (MDI) through to 2020, even as consumption in the US and Europe is also expected to improve, industry players said on Monday.
China's demand for MDI, the key material used in producing polyurethanes (PU), will more than double to around 3.55m tonnes/year by 2020 from about 1.5m tonne/year in 2012, said Mike Fowles, vice president for global supply chain at Hunstman Polyurethanes, at the third ICIS Polyurethane Chain Conference in Singapore.more >>
INSIGHT: Lower growth, higher costs make Europe situation worse
“Sector growth is flat, and our EU net chemicals trade surplus is beginning to narrow." more
Asian Chemical Connections