China’s PMDI domestic market under pressure on bearish sentiment

10 July 2014 10:52 Source:ICIS News

SINGAPORE (ICIS)--Polymeric methyl di-p-phenylene isocyanate (PMDI) domestic prices in China edged down on Thursday as a result of ample availability and weak downstream demand, market sources said on Thursday.

Chinese domestic PMDI prices were indicated lower at yuan (CNY) 14,300-14,600/tonne ($2,306-2,355/tonne) DEL (delivered) east China on 10 June, a source said.

This marked a decline compared to CNY14,400-14,700/tonne ($2,323-2,371/tonne) DEL east China in the week ended 9 July, ICIS data showed.

($1 = CNY6.20)

By Pui Wing Ho