Market Overview

TDI

Southeast Asia (SEA or SE Asia)：From the beginning of May, the TDI market in Southeast Asia ran weakly. The market prices declined to USD 2,800 - 2,900/ton CIF on May 6, down by USD 100-200/ton than the prices on April 22. The local downstream demand was overall weak, and the foam industry was quiet in Malaysia when people got ready for Ramadan. China TDI market was also weak on May 6. Local orders were small for rigid demand and domestic market prices were stagnant. Hanwha's TDI plant was shut down for maintenance at the end of April for 1 month. Japan Mitsui's TDI plant will have maintenance from May 12 to June 27. South Korea BASF offered around USD 2,900/ton CIF to major ports in Southeast Asia.

Asia TDI Production

Table 1 Asia TDI Plants Operation Dynamics

Supplier	Location	Capacity (Kt/a)	Week Average Production rate
Covestro (China) Co., Ltd.	Shanghai, China	310	60%. It's said to be slightly lower
Shanghai BASF Polyurethane Co., Ltd.	Shanghai, China	160	70%. It's said to be slightly lower
Wanhua Group	Yantai, Shandong	300	100%. Normal operation.
Wanhua Fujian (Formerly known as SEEC)	Fuzhou, Fujian	100	40%.Single line low load operation.
Cangzhou Dahua Group Co., Ltd.	Hebei, China	150	100%. Normal operation.
Gansu Yinguang Chemical Industry Group Co., Ltd.	Gansu, China	120	0% load, under maintenance.
Yantai Juli Isocyanate Co., Ltd.	Shandong, China	80	0% the TDI unit in Yantai was shut down for maintenance on May 16, and it has not started yet.
Xinjiang Juli Co., Ltd	Xinjiang, China	150	0% load, under maintenance.
Lianshi Chemical	Huludoa, Liaoning	50	0% load, under maintenance.
Total capacity in China		1,420
Avg. Operation Loads in China		54% (in 1st half of May)
Mitsui Chemicals & SKC Polyurethanes Inc.	Omuta, Japan	120	30%. Maintenance schedule in May.
BASF Urethane Co., Ltd.	Yeosu, South Korea	160	Around 100%.
Hanwha Chemical (KPX Fine Chemical)	Yeosu, South Korea	150	0% load, maintenance started at the end of April.
OCI Company Ltd.	Kunsan, South Korea	50	100%
Gujarat Narmada Valley Fertilizer Company Limited	Bharuch, India	17	100%. Normal operation.
Gujarat Narmada Valley Fertilizer Company Limited	Dahej, India	50	100%. Normal operation.
KARUN	BIK Port (BANDAR IMAM KHOMEIN)	40	80%
Sadara	Al Sharqiya, Saudi Arabia	200	80%
Total Capacity in Asia and Middle East		2,207
Avg. Operation Loads in Asia		60% (in 1st half of May)

Polymeric MDI

In Southeast Asia, the polymeric MDI market was stable-to-weak in the reporting period. The offers in SE Asia declined to USD 2,500 - 2,550/ton CIF with cargoes from Japan, South Korea and China suppliers on May 6, down by USD 100/ton than the prices on April 22. The market demand from local downstream factories became lower than the previous time period, limiting the purchasing power...

 

Click here for a sample:

userfiles/Asia Pacific Isocyanates Market Analysis Sample.pdf

 

 

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