For clear insight into regional Isocyanates markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
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- Follow fluctuations and understand factors driving them
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We offer the following regional Isocyanates coverage to keep you informed of factors and developments affecting prices in the Asia Isocyanates marketplace.
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Updated to Q4 2016
Polymeric methyl di-p-phenylene isocyanate (PMDI) spot import prices in China carried on its ascent since H1 August all the way until early October, with the increases having accelerated in H2 September following a fatal blast at one of Wanhua Chemical’s plant in Yantai, China, on 20 September.
PMDI prices in southeast Asia strengthened in early December as suppliers hiked prices amid rising China domestic prices in H2 November on news of a possible delay in the restart of Wanhua Chemical’s Yantai plant from its original target of H2 November. India prices, however, treaded in the other direction due to subdued buying interest following the recent move by the government to demonetise higher denomination currency on 9 November, with the bulk of buyers being sidelined by weak purchasing power following a shortage in currency notes. MMDI prices in northeast Asia inched up in early December as suppliers hikes prices in their bid to maintain the price premium over PMDI prices.
Updated to Q4 2016
Toluene di-isocyanate (TDI) spot import prices in Asia surged to over eight-year highs in October amid the exorbitant rise in China domestic prices due to a myriad of factors. Overall supply was relatively tight due to turnarounds at several northeast Asian plants in October and November.
Average TDI import prices jumped by 89%, or $2,100/tonne in absolute terms, to hit $4,450/tonne China/Hong Kong on 19 October in the short span of three weeks. Average China domestic prices nearly tripled to a historical high of yuan (CNY) 49,500/tonne DEL (delivered) south China on 19 October over a four-week period. Prices have since corrected from its peak and were hovering at slightly below CNY30,000/tonne DEL south China from mid-November to December.
The exorbitant rise in China domestic prices could be partly attributed to panic buying as buyers were holding on to low TDI stock inventory due to suppressed TDI prices over the past couple of years and they started to snap up cargoes when prices began to increase amid tighter supply.
ICIS is the only publication that provides a weekly price assessment on Isocyanates, Toluene di-isocyanate (or TDI) and methylene di-p-isocyanate (or MDI) in Asia.
For TDI, the report provides comprehensive coverage of the key China market, including cost & freight (CFR) China spot and monthly contract prices, and domestic prices for the North, South and East of China.
An assessment is also provided for South East Asia, alongside commentary on both the delivered and Indonesia and Malaysia markets. The cost, insurance and freight (CIF) India quote and commentary rounds up our TDI market coverage.
For MDI, we monitor both spot CFR import and domestic prices in China for both polymeric and monomeric or pure MDI.
To deliver greater context to the assessed prices, China’s many import statistics are provided, together with details of monthly production of upholstered furniture in China.
Feedstock Benzene, news of production output, and unexpected plant outages are also covered. We list deals, bids and offers that deliver easy reference assessments for our customers and this information also helps them in their decision making.
We speak to all the major players who produce, buy and sell isocyanates as this builds up a comprehensive and unbiased view of the market.
This is useful for participants looking for an independent reference or benchmark for spot transactions.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Isocyanates. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Isocyanates, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.