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Asia-Pacific Isocyanates Bi-weekly Report (20220718-20220729)
August 01, 2022    [Source:PUdaily]

Market Overview

TDI

Southeast Asia (SEA or SE Asia):From mid-July to end July, the TDI market in Southeast Asia dropped down. The market prices stayed around USD 2,400-2,500/tonne CIF on July 29, down by USD 100/tonne compared with the prices on July 15. Demand from downstream industry in Southeast Asia was even weaker compared with last reporting period, especially for soft furniture industry.

China:On July 29, China TDI market dropped down with market prices of CNY 15,200-15,600/tonne (equal to USD 1,996-2,048/tonne). The operation load of main manufacturers in China was better than last fortnight, but demand from downstream industries was overall sluggish.

 

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

85%. Restarted around July 18.

Shanghai BASF Polyurethane Co., Ltd.

Shanghai, China

160

0%. Shut down for maintenance.

Wanhua Group

Yantai, Shandong

300

100%.

Wanhua Fujian (Formerly known as SEEC)

Fuzhou, Fujian

100

50%. Single line operation.

Cangzhou Dahua Group Co., Ltd.

Hebei, China

150

100%. Normal operation.

Gansu Yinguang Chemical Industry Group Co., Ltd.

Gansu, China

120

0%. 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%. Under maintenance.

Total capacity in China

1,420

Avg. Operation Loads in China

64.3% (in 2nd half of July)

Mitsui Chemicals & SKC Polyurethanes Inc.

Omuta, Japan

120

95%.

BASF Urethane Co., Ltd.

Yeosu, South Korea

160

95%.

Hanwha Chemical (KPX Fine Chemical)

Yeosu, South Korea

150

33%. Single line operation.

OCI Company Ltd.

Kunsan,

South Korea

50

50%. Stopped for maintenance from July 15 and lasted for around one week.

Gujarat Narmada Valley Fertilizer Company Limited

Bharuch, India

17

0%. Shut down for maintenance.

Gujarat Narmada Valley Fertilizer Company Limited

Dahej, India

50

0%. Shut down for maintenance.

KARUN

BIK Port (BANDAR IMAM KHOMEIN)

40

25%. Restarted and operated at low level.

Sadara

Al Sharqiya, Saudi Arabia

200

100%.

Total Capacity in Asia and Middle East

2,207

Avg. Operation Loads in Asia

66.3% (in 2nd half of July)

 

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 2,250 – 2,350/tonne CIF with cargoes from Japan, South Korea and China suppliers on July 29, down by USD 50/tonne compared with the prices on July 15. In the reporting period, demand from downstream industries became even weaker than the last fortnight, especially from construction industry.

 

Click here for a sample:

http://www.pudaily.com/NewsImg/2022/7/20/20227201142173499.pdf

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