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.
Updated to Q2 2018
PMDI prices in the GCC and the Middle East witnessed a similar trend to TDI as supply remained ample through Q2. Key producers in Asia were actively offering, but the increased supply, soft demand and declines in Asia also weighed on PMDI in the Middle East. PMDI prices in Iran were also under pressure through late Q2 after the US announced it was withdrawing from the nuclear agreement Iran signed with major powers in 2015.
Demand further weakened through the Muslim fasting month of Ramadan in mid-May followed by the Eid ul-Fitr holidays in mid-June. Demand had initially faded after supply disruptions early in the year caused prices to spike to fresh record highs, and smaller buyers were essentially priced out of the market. Through most of Q2, although prices fell and supply improved, many end-users in the Middle East region still refrained from buying on hopes of further price declines.
Updated to Q2 2018
Toluene di-isocyanate (TDI) in the GCC and the broader Middle East region have been facing ample supply conditions through the second quarter and prices have been on a slow downtrend. Supply was sufficient despite some minor disruptions
Demand has been weak as buyers continued to resist buying large volumes at high prices and that persisted through the Muslim fasting month of Ramadan in mid-May followed by the Eid ul-Fitr holidays in mid-June
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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Breaking news of latest developments affecting the markets. Insight and analysis of factors driving prices.
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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.
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.
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