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Asia-Pacific Isocyanates Bi-weekly Report (20220425-20220506)
May 11, 2022    [Source:PUdaily]
Market Overview
Southeast Asia (SEA or SE Asia)From the beginning of May, the TDI market in Southeast Asia ran weakly. The market prices declined to USD 2,800 - 2,900/ton CIF on May 6, down by USD 100-200/ton than the prices on April 22. The local downstream demand was overall weak, and the foam industry was quiet in Malaysia when people got ready for Ramadan. China TDI market was also weak on May 6. Local orders were small for rigid demand and domestic market prices were stagnant. Hanwha's TDI plant was shut down for maintenance at the end of April for 1 month. Japan Mitsui's TDI plant will have maintenance from May 12 to June 27. South Korea BASF offered around USD 2,900/ton CIF to major ports in Southeast Asia.
Asia TDI Production
Table 1 Asia TDI Plants Operation Dynamics
Week Average Production rate
Covestro (China) Co., Ltd.
Shanghai, China
60%. It's said to be slightly lower
Shanghai BASF Polyurethane Co., Ltd.
Shanghai, China
70%. It's said to be slightly lower
Wanhua Group
Yantai, Shandong
100%. Normal operation.
Wanhua Fujian (Formerly known as SEEC)
Fuzhou, Fujian
40%.Single line low load operation.
Cangzhou Dahua Group Co., Ltd.
Hebei, China
100%. Normal operation.
Gansu Yinguang Chemical Industry Group Co., Ltd.
Gansu, China
0% load, under maintenance.
Yantai Juli Isocyanate Co., Ltd.
Shandong, China
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
0% load, under maintenance.
Lianshi Chemical
Huludoa, Liaoning
0% load, under maintenance.
Total capacity in China
Avg. Operation Loads in China
54% (in 1st half of May)
Mitsui Chemicals & SKC Polyurethanes Inc.
Omuta, Japan
30%. Maintenance schedule in May.
BASF Urethane Co., Ltd.
Yeosu, South Korea
Around 100%.
Hanwha Chemical (KPX Fine Chemical)
Yeosu, South Korea
0% load, maintenance started at the end of April.
OCI Company Ltd.
South Korea
Gujarat Narmada Valley Fertilizer Company Limited
Bharuch, India
100%. Normal operation.
Gujarat Narmada Valley Fertilizer Company Limited
Dahej, India
100%. Normal operation.
Al Sharqiya, Saudi Arabia
Total Capacity in Asia and Middle East
Avg. Operation Loads in Asia
60% (in 1st half of May)
Polymeric MDI

In Southeast Asia, the polymeric MDI market was stable-to-weak in the reporting period. The offers in SE Asia declined to USD 2,500 - 2,550/ton CIF with cargoes from Japan, South Korea and China suppliers on May 6, down by USD 100/ton than the prices on April 22. The market demand from local downstream factories became lower than the previous time period, limiting the purchasing power...


Click here for a sample:

userfiles/Asia Pacific Isocyanates Market Analysis Sample.pdf



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