Asia Pacific Isocyanates Market Analysis 20180827-20180907
2018-09-10    [Source:PUdaily]
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In the past two weeks, Southeast Asia (hereinafter referred to as SE A or SE Asia) TDI market continues dropping, with ruling concluded offers at USD 3,100-3,200/ton CIF SE Asia from major China, Japan, South Korea and Saudi Arabia ...

For suppliers, supply of goods is adequate. The 200kt/year plant from Saudi Arabia is selling more to SE Asia since the market in China is in a stalement. In addition, the 67kt/year Indian TDI maker is seeking more opportunities for export and offers USD 3,100/ton FOB India...

For demand, market demand is still quiet. The depreciation of currency in SE Asia countries makes purchasing power even weaker. The stagnant economy all over the world results in poorer demand for houses, furniture and cars...

In India, TDI market keeps still. GNFC keeps their offers at INR 250/kg (equal to USD 3,230/ton CIF India), which remains the same as two weeks ago. Even though the 67kt/year plant is under turnaround since September 6, and market demand gets better than last month...

In Southeast Asia, polymeric MDI market continues dropping in September. Concluded offers in SE Asia for early September are at around USD 2,000-2,100/ton CIF, which is USD 100/ton less than late August...In China Taiwan, market price goes on decreasing recently. Main quotations are at USD 1,900-1,950/ton CIF in September,

which is USD 200/ton CIF lower than late August, with main sources from China, Japan and South Korea...

In India, polymeric MDI market is dropping in September. Ruling offers in India are heard to be at around USD 2,000-2,100/ton CIF, which is USD 100/ton lower than two weeks ago, ...

 

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