PMDI Export

According to China customs data, in August 2023, China's polymeric MDI exports were 96,700 tons, down 12.8% from the previous month and up 24.6% year-on-year. From January to August 2023, China's polymeric MDI accumulated exports of 781,500 tons, compared with January to August last year, an increase of 12.2%.

Average export price:

The average export price of polymeric MDI in August was US $1,542/ton, down 32.1% year-on-year, the decline widened.

Table: China's polymeric MDI export volume and average export price from January to August 2023

From January to August, the United States was the largest export destination of China's polymeric MDI, and the cumulative PMDI export volume from China to the United States was 184 thousand tons, an increase of 8.4%. In August, PMDI export from China to the United States were 22.5 thousand tons, up 77.3% year-on-year and up 22.6% month-on-month. Secondly, the main destinations of China's polymeric MDI from January to August are Russia, the Netherlands, Belgium and Turkey.

PMDI Import

According to China customs data, in August 2023, China's polymeric MDI (including crude MDI) imports of 28.2 thousand tons, down 11.5% month-on-month, an increase of 66.8%. From January to August 2023, China's aggregate MDI cumulative imports of 199 thousand tons, compared with January to August last year, an increase of 10.9%.

In August, China imported 8,238 tons of polymeric MDI from the Netherlands and 7,004 tons of polymeric MDI from Saudi Arabia. The polymeric MDI and crude MDI imported from Japan was 6,885 tons, and the 200 ktpa MDI facility of Tosoh Japan has shut down for maintenance from early September, so their supply to China market was tight again.