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Iran PMDI import prices fall

Iran PMDI import prices slump $50-170/tonne on ample supply

SINGAPORE (ICIS)--Spot di-p-phenylene isocyanate (PMDI) import prices in Iran fell  by $50-170/tonne this week, marking their biggest fall in one year, because of ample supply, market sources said late on Thursday.

On 24 July, PMDI prices were assessed at $1,950-2,100/tonne CFR (cost and freight) Iran,  according to ICIS.

The Iranian market may also have been taking the cue from the neighbouring Gulf Cooperation Council (GCC) markets, where prices fell for the fourth consecutive week.

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MIDDLE EAST / AFRICA

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