MARKET INTELLIGENCE & DATA INSIGHTS

Chemical Business Focus
A monthly roundup & analysis of the key factors shaping world chemical markets
Green-right-arrow
Global Chemical Data
Comprehensive, on-line data & statistics. History, forecasts & analysis
Green-right-arrow
Chem-Netfacts
Chemical market insight - on a single page
Green-right-arrow
Chem-Foresight
Price projections - set in crude oil price scenarios
Green-right-arrow

CONSULTING SERVICES

Specialist and Strategic Advisory Services

HIGHLIGHT OFFER

Lorem ipsum dolor sit amet, consectetueradipiscing elit, sed diam nonummy nibheuismod tincidunt ut laoreet doloremagna aliquam erat

Main Menu

Isocyanates Markets Begin to Stabilise in Some Regions as Supply is Restored

January 29, 2021 | Regina Sousa

automotive_industry

The North American MDI market is still tight as 2021 gets underway. Crude and pure MDI are heard to be short, even though operators have started to increase production following months of disruption.   Shortages of raw materials continue to be the cause of supply cuts. In operations, BASF announced that the first phase of its new MDI plant in Geismar, Louisiana, has been completed. 

The first phase includes the construction of a new synthesis unit and the second phase, expansion of its upstream units, is now under construction and expected to be completed by the second half of 2021. The new plant is expected to produce 600 ktpa MDI and to go online around mid 2025.

European MDI markets ended the year in a better supply position than was seen between September and November. Major supply disruptions meant prices increased significantly during those months, but the market stabilised somewhat in December and prices are seeing smaller upticks. Demand remained healthy in December, even though the market usually slows down for the festive period.   Offtake volumes usually tail off in the second half of December as many downstream factories shut down around this time. However, strong demand saw plants continue to run at high levels. Some players suggested the increase in demand also came from the US, as supply has been tight there since September.  

To read the rest of the paper, please fill out the form below and we will send it to your inbox.

MARKET INTELLIGENCE & DATA INSIGHTS

SIGN UP FOR OUR BLOG

Receive the latest news & insights & news from Tecnon OrbiChem in your email

TALK WITH AN EXPERT

Interested in our petrochemical market intelligence solutions?