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 Q3 2018
PMDI prices in the GCC and the Middle East witnessed a similar trend to TDI as supply also 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. Supply increased further after the Eid ul-Fitr holidays in mid-June.
Demand in the GCC and the broader Middle East region showed little improvement in Q3 as prices remained relatively firm for most major buyers. The ample supply conditions also supported views of a longer-term decline in prices and buyers were content to sit on sidelines, waiting for more favourable levels.
Updated to Q3 2018
TDI in the GCC and the broader Middle East region have been facing ample supply conditions through Q3 and prices have been on a slow downtrend. Supply was sufficient despite some minor disruptions and received a further boost after the restart of BASF’s Ludwigshafen plant in Germany.
TDI demand in the GCC and the broader Middle East region started a typically strong demand season in Q3 but supply remained long. Many TDI buyers however were heard to still be holding out for further declines in prices despite inventories possibly running low. Many buyers also eyeing increased supply from Europe and the Middle East to further weigh on prices going forward.
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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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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