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 2018
Supply of methyl di-p-phenylene isocyanate (MDI) tightened earlier in the quarter as a 600,000 tonne/year plant in China went off line for a month-long maintenance. But the supply situation improved with the plant returning to normal operation by the end of the quarter.
Demand for MDI was generally lacklustre in the quarter, particularly with the polymeric grade, as end-users become cautious about holding stocks amid growing trepidations on how ongoing trade rows between the US and China could impact downstream demand.
Updated to Q3 2018
Supply of toluene diisocyanate (TDI) veered mostly to the tighter side during the quarter, on the back of sporadic plant closures, planned and unplanned, both within and outside of China. Export availability from Europe also fell during the quarter on production disruption in Germany.
Demand for TDI, while broadly stable in the quarter, failed to gain as much as earlier expectations. Usually, downstream offtake for TDI picks up in China during the third quarter as factories seek to ramp up operations and prepare for the anticipated year-end consumption boom. But this year, such expectations failed to materialise, with some downstream factories even running at lower rates due to constraints stemming from stricter environmental control measures.
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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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.
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.
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.