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Updated to Q2 2017
The methyl di-p-phenylene isocyanate (MDI) market had availability issues throughout the second quarter of 2017. This partially stemmed from production difficulties which occurred in in the market in late April and early May.
At the end of April, German supplier Covestro declared a force majeure on crude MDI delivery to the Europe, Middle East and Africa region due to a production issue at its 200,000 tonne/year Brunsbuttel site in Germany.
US supplier Huntsman encountered problems restarting one of its MDI units, following a turnaround, at its 400,000 tonne/year plant in Rozenburg, the Netherlands in early May.
Both facilities recommenced production in May, however, product was said to be lacking in the market afterwards.
Tightness was also attributed to ongoing and upcoming scheduled maintenance in the market.
Due to this lack of product, the price of crude MDI increased in April by €200/tonne and in May by €150/tonne.
The value of pure MDI climbed in April by €150/tonne and firmed by €200/tonne in May.
Updated to Q2 2017
The toluene di-isocyanate (TDI) market experienced availability issues during the second quarter of 2017 that partially originated from BASF taking its Ludwigshafen, Germany plant off line in November 2016. Although the company announced in February 2017 that it would bring the 300,000 tonne/year plant online with reduced rates in a few weeks’ time, it did not do so until May.
Nonetheless, product was still scarce in May with a few sources saying that they did not expect much near-term change in the market as full repairs at the German supplier’s facility would only finish in 2018.
In June participants said that Hungary-based producer BorsodChem’s upcoming turnaround was also affecting the market.
The supplier planned the maintenance of its 160,000 tonne/year site in Kazincbarcika, Hungary to start in mid-July 2017 with the scheduled outage expected to end in mid-August.
Prices consequently climbed in April by €100/tonne on the low end and €30/tonne on the high end of the range in response to the anticipated tightness in supply. While, in May producers raised the value of the product by €70/tonne as they said higher values globally necessitated raised TDI prices.
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.
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