ICIS publishes market information and supply & demand data for the Middle East isocyanates markets which can give you the intelligence you need for your contract negotiations, as well as valuable insights to help substantiate your longer-term business planning.
Use our independent price assessments and market coverage, available as reports or via the ICIS dashboard service, to track the trading prices and movements of isocyanates (MDI and TDI) in the Middle East.
Use ICIS information to:
- Understand price drivers and fluctuations
- Negotiate deals with confidence
- Support and validate your investment planning
- Evaluate opportunities and potential risks to your business
Isocyanates news and market information products from ICIS
We offer the following regional Isocyanates coverage to keep you informed of factors and developments affecting prices in the Middle East Isocyanates marketplace.
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Independent price assessments and market coverage
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News & Analysis - News & market analysis specifically relating to Isocyanates
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q4 2017
PMDI prices in the Middle East traded at their all-time highs in Q4 amid tight supply due to some plant shutdowns and raw material shortages. Prices in Asia set the pace for Middle Eastern prices, and some suppliers re-directed cargoes there instead of securing buyers in the Middle East. That, in turn, resulted in Middle East prices having to keep up with higher Asian prices. From late-September to early-November, PMDI prices in the GCC and East Med traded at record highs of $3,400-3,500/tonne CFR. Soon after, PMDI prices in Iran also hit record highs of $3,700-3,800/tonne CFR Iran.
Demand was strong in Q4, due to seasonal factors and tight supply. Some buyers held out for lower prices as many were unwilling to commit to deals because of their inability to pass on the costs to end-users. Sadara Chemical Company was believed to have started commerical PMDI sales to some customers in the Middle East. This helped to counter some of the price increases.
Updated to Q4 2017
In October 2017, TDI prices in Asia and the Middle East hit fresh all-time highs due to supply shortages. In the week ended 2 November, the ICIS assessed ranges for TDI in the GCC, the east Mediterranean region and Iran increased to $4,600-4,700/tonne CFR (cost & freight), the highest on record since ICIS began tracking these prices. In the weeks that followed, prices have been easing from their record highs but are still well above the levels they were when they started 2017, at around $3,200/tonne CFR GCC. Problems with MCNS and BASF TDI also contributed to the shortages.
Demand entered the seasonal peak period in October and prices spiked to record highs. Buying interest however waned as buyers resisted the price gains. Many small buyers were priced out of the market but buyers dealing in high-value products with better profit margins continued to secure deals.
Middle East isocyanates price report – Toluene diisocyanate (TDI) and methylene di-p-phenylene isocyate (MDI) are the most common types of aromatic isocyanates. They are used mainly in the production of flexible and rigid polyurethane (PU) foams.
ICIS reports weekly on spot prices (in CFR) for TDI and polymeric MDI for both drummed and bulk material. Price assessments are for the Gulf Cooperation Council (GCC), the East Mediterranean (East Med) and domestic TDI prices for Iran. Countries included in the GCC price quotes are Saudi Arabia, UAE (United Arab Emirates), Kuwait, Qatar and Bahrain. East Med quotes cover Jordan, Syria, Lebanon and Israel.
In addition, the report also analyses factors driving price fluctuations such as feedstock dynamics, isocyanates demand and production, and economic influences, giving you the market intelligence you need to make well-informed decisions.
Global Supply and Demand (S&D) database – ICIS gives you an expert view of supply, demand, capacity, trade and production ownership data for the regional and global polyols markets. The database service enables you to search, shape and export data, giving you the insight you need to plan ahead with accuracy. Historical data from 1978 and forecast data up to 2030 is available.
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.