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Updated to Q2 2018
The crude methyl di-p-phenylene isocyanate (MDI) market had lengthier conditions in quarter one due to the end of turnarounds in quarter four and lower demand. There were production issues at US seller Huntsman, which led the firm to run its 470,000 tonne/year Rozenburg plant on reduced rates. It said in March that it imposed a strict sales control on certain MDI grades as a consequence with both polymeric and monomeric product affected. At the end of March sources said this had not had an effect on the market yet.
Crude MDI demand was affected by lower temperatures across Europe, which led to a dampening of end-use construction activity. Eurostat statistics showed that construction in the EU in fact dropped month on month in January, which supports these comments from the crude MDI market.
Updated to Q1 2018
Tight conditions persisted from the fourth quarter to the start of 2018 for Europe toluene di-isocyanate (TDI). This was originally due to unclear operating rates at German seller BASF’s 300,000 tonne/year Ludwigshafen facility. The plant was then taken off line in January and was scheduled to restart in the second quarter. This marks a continuation of availability issues seen in quarter four for the product as well.
Consumption for TDI was not brought up as an influential factor in price negotiations in quarter one with tightness an overriding concern. Ahead of 2018, sources said that persistent upward TDI pressure could eventually limit consumption as customers had struggled to pass on higher prices previously. The price of TDI reached historic highs in 2018 and buyers said before that their clients could switch to alternative products in such a situation.
The ICIS European isocyanates report covers contract pricing, which is normally fixed for the month.
Any quarterly contract information such as for crude Methyl di-p-phenylene isocyanate (MDI) or any spot business or price indications are included in the body of the text.
The report contains official monthly price ranges for Toluene di-isocyanate (TDI) and MDI, covering both the crude and pure MDI grades.
Pricing is assessed based on feedback from a cross-section of the market, including buyers, producers and resellers.
The report is an important pricing tool for a number of players, who use a formula based pricing mechanism linked to ICIS.
The report also includes graphs, when appropriate, to track isocyanate pricing against feedstock movements.
It covers a wide variety of downstream sectors including the automotive, construction, footwear, bedding and furniture sectors.
The report provides invaluable pricing and production information, which is useful for both buyers and sellers alike and helps them to make better informed business decisions.
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.