Market Overview
TDI
Southeast Asia (SEA or SE Asia)：In the early July, the TDI market in Southeast Asia remained stable. The market prices stayed around USD 2,450 - 2,650/tonne CIF on July 01, up by USD 0-50/tonne than the prices on June 17. As the traditional off-season has come, local demand from downstream industry was still weak during this fortnight, especially for sponges and upholstered furniture industry.
China：On July 01, China TDI market held steady with market prices of CNY 17,300-17,800/tonne (equal to USD 2,285 - 2,351/tonne). Supply for TDI was stable, but there was no significant sign of improvement from downstream demand.
Asia TDI Production
Table 1 Asia TDI Plants Operation Dynamics
|
Supplier |
Location |
Capacity (Kt/a) |
Bi-Weekly Average Operation Load |
|
Covestro (China) Co., Ltd. |
Shanghai, China |
310 |
50%. Shut down for maintenance from June 25. |
|
Shanghai BASF Polyurethane Co., Ltd. |
Shanghai, China |
160 |
Around 100%. |
|
Wanhua Group |
Yantai, Shandong |
300 |
100%. |
|
Wanhua Fujian (Formerly known as SEEC) |
Fuzhou, Fujian |
100 |
20%. The facility is restarting and operation load is expected to return soon. |
|
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 |
100%. |
|
Lianshi Chemical |
Huludao, Liaoning |
50 |
0% load, under maintenance. |
|
Total capacity in China |
1,420 |
||
|
Avg. Operation Loads in China |
66% (in two-thirds of June) |
||
|
Mitsui Chemicals & SKC Polyurethanes Inc. |
Omuta, Japan |
120 |
50% load. Restarted at the end of June. |
|
BASF Urethane Co., Ltd. |
Yeosu, South Korea |
160 |
100%. |
|
Hanwha Chemical (KPX Fine Chemical) |
Yeosu, South Korea |
150 |
33%. Single line operation. |
|
OCI Company Ltd. |
Kunsan, South Korea |
50 |
100%. |
|
Gujarat Narmada Valley Fertilizer Company Limited |
Dahej, India |
17 |
100%. Normal operation. |
|
Gujarat Narmada Valley Fertilizer Company Limited |
Bharuch, India |
50 |
100%. Normal operation. |
|
KARUN |
BIK Port (BANDAR IMAM KHOMEIN) |
40 |
0%. Device in shutdown due to carbon monoxide supply problem. |
|
Sadara |
Al Sharqiya, Saudi Arabia |
200 |
100%. |
|
Total Capacity in Asia and Middle East |
2,207 |
||
|
Avg. Operation Loads in Asia |
69% (in two-thirds of June) |
||
Polymeric MDI (PMDI)
In Southeast Asia, the PMDI market dropped down slightly in the reporting period. The mainstream offers in SE Asia were around USD 2,300 – 2,350/tonne CIF with cargoes from Japan, South Korea and China suppliers on July 01, down by USD 50/tonne than the prices on June 17. There was a new supplier called Arabic Sabic company which offer PMDI with the price lower than the mainstream offers, but its sales volume is low. Overall downstream demand was weak, especially for construction industry. And the rainy season exacerbated this trend......
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