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Asia-Pacific Isocyanates Bi-weekly Report (20220620-20220701)
July 11, 2022    [Source:PUdaily]

Market Overview

TDI

Southeast Asia (SEA or SE Asia)In the early July, the TDI market in Southeast Asia remained stable. The market prices stayed around USD 2,450 - 2,650/tonne CIF on July 01, up by USD 0-50/tonne than the prices on June 17. As the traditional off-season has come, local demand from downstream industry was still weak during this fortnight, especially for sponges and upholstered furniture industry. 

ChinaOn July 01, China TDI market held steady with market prices of CNY 17,300-17,800/tonne (equal to USD 2,285 - 2,351/tonne). Supply for TDI was stable, but there was no significant sign of improvement from downstream demand. 

Asia TDI Production

Table 1 Asia TDI Plants Operation Dynamics

Supplier

Location

Capacity

(Kt/a)

Bi-Weekly Average Operation Load

Covestro (China) Co., Ltd.

Shanghai, China

310

50%. Shut down for maintenance from June 25.

Shanghai BASF Polyurethane Co., Ltd.

Shanghai, China

160

Around 100%.

Wanhua Group

Yantai, Shandong

300

100%.

Wanhua Fujian (Formerly known as SEEC)

Fuzhou, Fujian

100

20%. The facility is restarting and operation load is expected to return soon.

Cangzhou Dahua Group Co., Ltd.

Hebei, China

150

100%. Normal operation.

Gansu Yinguang Chemical Industry Group Co., Ltd.

Gansu, China

120

0% load, under maintenance.

Yantai Juli Isocyanate Co., Ltd.

Shandong, China

80

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

150

100%.

Lianshi Chemical

Huludao, Liaoning

50

0% load, under maintenance.

Total capacity in China

1,420

Avg. Operation Loads in China

66% (in two-thirds of June)

Mitsui Chemicals & SKC Polyurethanes Inc.

Omuta, Japan

120

50% load. Restarted at the end of June.

BASF Urethane Co., Ltd.

Yeosu, South Korea

160

100%. 

Hanwha Chemical (KPX Fine Chemical)

Yeosu, South Korea

150

33%. Single line operation.

OCI Company Ltd.

Kunsan,

South Korea

50

100%.

Gujarat Narmada Valley Fertilizer Company Limited

Dahej, India

17

100%. Normal operation.

Gujarat Narmada Valley Fertilizer Company Limited

Bharuch, India

50

100%. Normal operation.

KARUN

BIK Port (BANDAR IMAM KHOMEIN)

40

0%. Device in shutdown due to carbon monoxide supply problem.

Sadara

Al Sharqiya, Saudi Arabia

200

100%.

Total Capacity in Asia and Middle East

2,207

Avg. Operation Loads in Asia

69% (in two-thirds of June)

 

Polymeric MDI (PMDI)

In Southeast Asia, the PMDI market dropped down slightly in the reporting period. The mainstream offers in SE Asia were around USD 2,300 – 2,350/tonne CIF with cargoes from Japan, South Korea and China suppliers on July 01, down by USD 50/tonne than the prices on June 17. There was a new supplier called Arabic Sabic company which offer PMDI with the price lower than the mainstream offers, but its sales volume is low. Overall downstream demand was weak, especially for construction industry. And the rainy season exacerbated this trend......

 

Click here for a sample:

http://www.pudaily.com/NewsImg/2022/7/11/2022711941573499.pdf

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