How will the Low Water Level in the Rhine Impact PU Raw Materials Market?
2018-08-10    [Source:PUdaily]
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The water level of the Rhine has dropped significantly below 100cm due to the hot weather and reduced rainfalls in Europe. BASF and Covestro’s MDI and TDI facilities in Europe are mainly located in Germany. If transport on the Rhine is restricted and the manufacturers turn to land route, their costs are likely to increase. This will further lead to impeded shipments of TDI and MDI to the European markets. Thus, possibility of less supply from manufacturers and higher prices cannot be ruled out...
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