Global MDI and TDI tightness continues

London – Worldwide isocyanates markets have been bullish during the first quarter of 2017, although polyether polyol markets have been much less volatile.

During quarter one, MDI supply became tighter globally following a number of planned shutdowns.  MDI prices in China rose substantially especially in February and March, due to a spate of production outages.  BASF’s Chongqing MDI plant (400ktpa) is currently down due to problems with syngas supply.  Wanhua has delayed a planned shutdown at one of its Ningbo units due to the short supply…

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