Market Overview
TDI
Southeast Asia (SEA or SE Asia)：From mid-July to end July, the TDI market in Southeast Asia dropped down. The market prices stayed around USD 2,400-2,500/tonne CIF on July 29, down by USD 100/tonne compared with the prices on July 15. Demand from downstream industry in Southeast Asia was even weaker compared with last reporting period, especially for soft furniture industry.
China：On July 29, China TDI market dropped down with market prices of CNY 15,200-15,600/tonne (equal to USD 1,996-2,048/tonne). The operation load of main manufacturers in China was better than last fortnight, but demand from downstream industries was overall sluggish.
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 |
85%. Restarted around July 18. |
|
Shanghai BASF Polyurethane Co., Ltd. |
Shanghai, China |
160 |
0%. Shut down for maintenance. |
|
Wanhua Group |
Yantai, Shandong |
300 |
100%. |
|
Wanhua Fujian (Formerly known as SEEC) |
Fuzhou, Fujian |
100 |
50%. Single line operation. |
|
Cangzhou Dahua Group Co., Ltd. |
Hebei, China |
150 |
100%. Normal operation. |
|
Gansu Yinguang Chemical Industry Group Co., Ltd. |
Gansu, China |
120 |
0%. 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%. Under maintenance. |
|
Total capacity in China |
1,420 |
||
|
Avg. Operation Loads in China |
64.3% (in 2nd half of July) |
||
|
Mitsui Chemicals & SKC Polyurethanes Inc. |
Omuta, Japan |
120 |
95%. |
|
BASF Urethane Co., Ltd. |
Yeosu, South Korea |
160 |
95%. |
|
Hanwha Chemical (KPX Fine Chemical) |
Yeosu, South Korea |
150 |
33%. Single line operation. |
|
OCI Company Ltd. |
Kunsan, South Korea |
50 |
50%. Stopped for maintenance from July 15 and lasted for around one week. |
|
Gujarat Narmada Valley Fertilizer Company Limited |
Bharuch, India |
17 |
0%. Shut down for maintenance. |
|
Gujarat Narmada Valley Fertilizer Company Limited |
Dahej, India |
50 |
0%. Shut down for maintenance. |
|
KARUN |
BIK Port (BANDAR IMAM KHOMEIN) |
40 |
25%. Restarted and operated at low level. |
|
Sadara |
Al Sharqiya, Saudi Arabia |
200 |
100%. |
|
Total Capacity in Asia and Middle East |
2,207 |
||
|
Avg. Operation Loads in Asia |
66.3% (in 2nd half of July) |
||
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 2,250 – 2,350/tonne CIF with cargoes from Japan, South Korea and China suppliers on July 29, down by USD 50/tonne compared with the prices on July 15. In the reporting period, demand from downstream industries became even weaker than the last fortnight, especially from construction industry.
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