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 Q3 2020
In Q3, MDI availability initially eased with the return of some regional makers’ units from scheduled shutdowns, before a China-based major subsequently entered a turnaround, leading to shortened supply. Regional availability of spot material is set to tighten in September, on the back of a South Korean MDI unit’s turnaround.
Cargo uptake in Taiwan for monomeric MDI is set to pick up on the back of restocking activity following sluggish uptake in Q2. The easing of lockdowns in the southeast Asian market also led to buyers replenishing dwindled inventories. Following the end of the lockdown in India, import offers seen towards the end of Q2 prompted expectations of more active discussions in Q3 with Indian buyers.
Updated to Q3 2020
Availability is set to fall in the early part of Q3, amid scheduled maintenance at a Chinese major maker’s Yantai TDI facility. This could potentially weigh on spot availability to China’s domestic market, and also export destinations such as southeast Asia. Supply is set to return to normal levels with the end of the turnaround, with limited further factors in the near term which could lead supply to fluctuate.
Cargo uptake among buyers is set to vary across regions, with southeast Asian buyers set to replenish dwindled inventories with the recent uptrend seen for slabstock flexible foam polyols. The gradual lifting of lockdowns across the regions saw downstream end-users resuming production, which led to expectations of improved demand. Buying activity from India of China-origin cargoes could likely slow down amid ongoing geopolitical tensions, whereas demand for material of other origins is set to stay unchanged.
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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Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
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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.
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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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It has been a tough period for chlor-alkali producers as recent months showed a sharp downturn in margins for caustic soda. This scenario threatens to bring to an end the period of strong margins, despite some signs of a limited rebound earlier in Q4 2019. Across all major markets, calculated margins based on the co-production of caustic soda and ethylene dichloride (EDC) have weakened substantially since October 2018.
Like many others, if you are looking for ways to unveil answers to key industry questions then come and join us at the 24th World Chlor-alkali Conference organised by ICIS and Tecnon Orbichem. This 1.5 day event has been a home for key industry players in the value chain, having welcomed hundreds of delegates each year. Take a first look at the key offerings in 2020.