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.
Updated to Q2 2018
Overall methyl di-p-phenylene isocyanate (MDI) supply in Asia fell because of Japan’s Tosoh Corp’s turnaround from April to June and Shanghai’s Lianheng Isocyanate Co (SLIC) – the joint venture pre-cursor unit of Shanghai BASF Polyurethane Co (SBPC) and Huntsman Polyurethanes Shanghai (HPS) – from May to June. China domestic supply of monomeric methyl di-p-phenylene isocyanate (MMDI) is even tighter than that of polymeric methyl di-p-phenylene isocyanate (PMDI) following the turnaround at Wanhua Chemical’s Yantai plant in mid-June.
Demand was largely lower for PMDI in the midst of the traditional lull season starting from May and June every year. Market activity was especially subdued in Malaysia and Indonesia in May and June, due to the Muslim fasting month of Ramadan starting in mid-May in its run up to the Eid ul-Fitr holiday in mid-June. Demand for MMDI was also constrained, though tighter supply of MMDI has kept prices largely stable.
Updated to Q2 2018
Supply for toluene di-isocyanate (TDI) was overall lower in the second quarter in the midst of the plant turnaround season in northeast Asia. Several Chinese, Japanese and South Korean producers’ plants in northeast Asia were shut during this period. That includes Shanghai BASF Polyurethane Co’s (SBPC) plant in Shanghai from mid-May to mid-June, Japan-based Mitsui Chemicals & Polyurethanes Inc (MCNS) in Omuta from May to June and South Korea’s Hanwha Chemical’s Yeosu plants in April for three weeks.
Demand was lacklustre in the midst of the traditional lull demand season starting from May and June every year. Downstream foam makers were resistant in stocking up on cargoes due to sustained firm TDI prices for most of April and May. Market activity was especially subdued in Malaysia and Indonesia in May and June due to the Muslim fasting month of Ramadan starting mid-May in its run up to the Eid ul-Fitr holiday in mid-June.
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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The main use for methyl di-p-phenylene isocyanate (MDI) is in the production of rigid and semi-rigid polyurethane foams, which accounts for some 80% of global consumption.
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 Polyols. 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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