MARKET DATA, INSIGHTS & INTELLIGENCE

ChemFocus
A monthly roundup & analysis of the key factors shaping world chemical markets
Green-right-arrow
ChemExpert
Comprehensive, on-line data & statistics. History, forecasts & analysis
Green-right-arrow
ChemFacts
Chemical market insight - on a single page
Green-right-arrow
ChemForesight
Price projections - set in crude oil price scenarios
Green-right-arrow

CONSULTING SERVICES

Specialist and Strategic Advisory Services

OrbiChem360

OrbiChem360 provides comprehensive chemical business intelligence to assist business managers in their strategic planning and business performance optimisation.

Main Menu

Isocyanates - Supply Outages Continue to Disrupt the Markets

June 16, 2021 | Regina Sousa

Polyurethanes

The North American MDI continues to be disrupted due to raw materials shortages and prices are firming once again. The surge in prices is due to lack of supply availability, even though most plants are reported to be online. Issues sourcing raw materials plus freight costs and truck shortages are adding upward pressure on MDI prices. Demand continues to do well and MDI deals are reported to have increased in Q2. Demand from downstream markets is expected to increase from the construction sector, which usually increases at this time of the year.

The European MDI market continues to firm as supply remains disrupted and availability is low. Sales allocations continue to take place due to raw materials shortages and high costs. One European buyer said there is roughly 70% sales allocation in Europe now and most producers have had issues with production. On top of local production cuts, European MDI is still being sent to the US in order to help the domestic market as the region is still struggling to go back to normal levels following the winter storm in February. Covestro is reported to be running its European units at reduced rates. Demand continues to grow from the insulation and other construction-related applications. Supply could tighten further as summer turnarounds take place.

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?