China Polyurethane Monthly Report 201609
2016-10-10    [Source:PUdaily]
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1 Polyurethane Market Overview and Forecast

1.1 Polyurethane Index Analysis

PUdaily PU Composite Index has been soaring in September boosted by Wanhua MDI explosion and tightening supply of TDI. The rigid foam index soars due to strong demand of the “golden September” busy season and short supply caused by Wanhua explosion......

2. Polyurethane Raw Material Market

2.1 Propylene Oxide

2.1.1 Market Overview

China propylene oxide market goes up sharply this month on account of some accidental shutdown among propylene oxide plants in Shandong province. In the first half of this month, the propylene oxide market moves up slightly and most market players hold wait and see stance on the market outlook. Then, propylene oxide market is buoyed by the shutdown of some plants due to environment inspection. Prices of propylene oxide increase greatly and most suppliers raise their quotations every day to shore up the market. Later this month, the propylene oxide market continues going up but the range is limited because most downstream users such as polyols manufacturers are resist to the higher quotations......

2.2 TDI

2.2.1 Market Overview

China TDI market soars in September resulted from tight supply and strong demand. Firstly, all the factories maintain normal production this month except that Shanghai BASF as well as Covestro reduces 10% operating rate in early September due to G20 Summit in Hangzhou.....

2.3 Polyether Polyols......

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4. Downstream Industries

4.1 Flexible Foam Downstream

4.2 Rigid Foam Downstream

4.3 PU Resin Downstream

4.4 CASE Downstream

The total output of coatings from January to June was 8,415 kt, up by 6.4% year on year. The output in June is 1,646 kt, rising by 7.2 from last year......

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