Global Polyurethane

简体中文 | 繁体中文

Home | News |Weekly Polyurethane Market Review (October 28, 2013- November 1, 2013)
Weekly Polyurethane Market Review (October 28, 2013- November 1, 2013)
Updated: 2013-11-04 16:10 Source: PUWORLD share:

Market Review

Most PU products presented stable this week with a small part of them headed to downswing. Trends in detail:


Pure MDI: Players in MMDI market witnessed small drop this week. Raw material benzene price was stable at Rmb 8950-9050/ton (pick up by clients) in east China, slightly lower than that in last week. Demands from downstream applications were weak as operating rates in PU Coatings and shoe sole were reported at a low level.

In east China, pure MDI was mainly quoted at Rmb 19300-19800/ton, among which goods from NPU and Wanhua were at the high end of Rmb 19800/ton while Shanghai goods were at the low end of Rmb 19300-19500/ton. In south China, mainstream quotations were heard at Rmb 19500-20200/ton, among which goods from Shanghai were reported at Rmb 19500-19700/ton while that from Wanhua and NPU were priced at Rmb 19800-20200/ton.

Polymeric MDI: Weak sentiment dominates PMDI market this week. BASF October price settled low while price for goods from Rui’an continued its downward trend. November list prices from Wanhua and BASF dropped significantly. PMDI market was supported by rigid demand.

In east China, PM200 from Wanhua has been adjusted from Rmb 15900-16100/ton to Rmb 15800-15900/ton, goods from BASF were adjusted from Rmb 15600-15800/ton to Rmb 15300-15500/ton, goods from Japan and south Korea were heard at Rmb 15000-15200/ton; In north China, PM200 from Wanhua has been adjusted from Rmb 15900-16100/ton to Rmb 15800-15900/ton, goods from Shanghai sources were heard at Rmb 15300-15500/ton, goods from Japan and south Korea were reported at Rmb 15200-15300/ton; in south China, PM200 from Wanhua has been adjusted from Rmb 16000-16100/ton to Rmb 15800-16000/ton, goods from BASF were heard at Rmb 15500-15700/ton while goods from Japan and south Korea were heard at Rmb 15200-15300/ton.

TDI: Soft sentiment in last week extended to this week. Early in the week, BASF and Bayer announced settlement and list prices. The relatively higher settlement price put distributors under risk of loss. Traders were unwilling to sell goods at low prices. Price in first half week presented stable. However, as downstream buying enthusiasm was still weak, quotations fell back in second half of the week. There are sufficient supplies for the moment, despite of maintenance plan of Bayer, new capacity of Southeast Electrochemical was about to be released, oversupply condition still exists. Bearish sentiment is still rife in the markets.

In Shandong and north China, prices for Shanghai goods (with tax) were heard at Rmb 20600-20700/ton while homemade goods (with tax) were reported at Rmb 20200-20400/ton. In east China, homemade feedstock (with tax) was heard at Rmb 20000/ton while price for Shanghai goods (with tax) settled at Rmb 20100-20200/ton. In south China, price for homemade materials (without tax) was said at Rmb 19200-19400/ton while Shanghai goods (without tax) were heard at Rmb 19500-19600/ton.


AA (Adipic Acid): Gloom lasted in Chinese adipic acid market. Market continued eyeing weak demand and decreasing prices. Mainstream negotiations in east China moved down from Rmb 11000/ton to Rmb 10100/ton. Downstream polyurethane coatings and sole resin sectors operated at low capacity.

Till now, Xinjiang materials were negotiated at Rmb 10200-10300/ton by cash in east China, Rmb 10800/ton in south China while Rmb 10600/ton in north China. Shandong Haili quoted its goods at Rmb 10300-10400/ton delivered by acceptance and Rmb 10100/ton by cash in east China, while negotiated at Rmb 10500-10600/ton in south China and north China. Liaoyang Petrochemical feedstock was mainly quoted at Rmb 12300-12400/ton by cash in east China, Rmb 12800-13000/ton by cash in south China while Rmb 12400/ton by cash in north China.

BDO: BDO market ran stably in the last week of October. Suppliers had strong intension for firming prices, but downstream sectors slowed down the purchasing of materials. Downstream certain sectors were said to downward adjust November negotiation prices, which made BDO marketers unease. The possibility of future decrease was growing with new added capacity and prominent conflict between demand and supply.

Small amount spot deals were negotiated at Rmb 13700-13900/ton while drum goods at Rmb 14500-15600/ton. As to imports, quotations heard from middlemen pegged at $1900-3000/ton with negotiation room remained.

PO (propylene oxide): PO market this week presented rising-to-stable trend. Market negotiation levels slightly increased under support of maintenance earlier, and then with Shandong Befar and Xinyue resumed production while materials arriving ports in east China massively, downstream players turned to be prudent. Currently inventory was low in plant side, market was expected to firm at high in near term.

PO prices rose to Rmb 13600-13800/ton ex-works by acceptance in Shandong and north China, Rmb 13600-13800/ton in east China delivered by cash.

PPG: Overall flexible PPG market kept steady this week. Plants were stressing about higher cost pressure and downstream acceptability, and finally Gaoqiao Petrochemical increase materials by Rmb 100/ton. Flexible PPG firmed at rmb 13900-14000/ton ex-works by cash in Shandong and north China, Rmb 14200-14400/ton in south China while Rmb 14100-14200/ton delivered by cash in east China.

Rigid PPG also ran stably. Stable quotations and smooth shipments were heard. In east China, high-end 4110 stabilized at Rmb 12500-12800/ton while low-end goods were heard at Rmb 11600/ton. In Shandong and north China, middle-end goods kept at Rmb 12000/ton, while high-end at Rmb 12400-12500/ton (drum, ex-works). In south China, high end product of 4110 was heard at Rmb 12600-12800/ton and middle-end at Rmb 12400/ton.


DMF: DMF rolled over at weak level. Upstream methanol slightly climbed up but downstream coatings remained insipid. Anhui Huaihua had run out of inventory and Luxi Chemical continued shut-down. Till now bulk materials in Jiangsu and Zhejiang were quoted at Rmb 5400-5600/ton delivered by acceptance. In north China and Shandong districts, bulk goods pegged at Rmb 5300-5500/ton ex-works. In south China numbers were heard around Rmb 5600-5800/ton delivered by acceptance.

MEK: MEK roll over this week. Fushun Petrochemical, Dushanzi Petrochemical, Taizhou Petrochemical, Zhongjie Petrochemical and Heilongjiang Petrochemical were under shutdown but there was still feedstock for supply. Upstream C4 met difficulty in rising and downstream marketers were under pressure of high raw material cost.

Till now MEK was negotiated at Rmb 9600-9700/ton in east China while Rmb 9700/ton in south China.


PU Coating Systems: PU coating market was mediocre this week. Large and middle-sized factories in Jiangsu and Zhejiang were operated at 50-60% while lower operating rate of small plants were also heard. Thus generally speaking, operating rate of PU coatings maintained at 50%.

Wet PU coatings were negotiated at Rmb 9700-10200/ton while traded at Rmb 9500-10200/ton and dry goods were heard at Rmb 10200-10900/ton in Jiangsu and Zhejiang. Nominations of wet goods were Rmb 9800-10700/ton and Rmb 10400-11200/ton for dry goods in north China and Shandong areas. Guangzhou and Fujian market quoted at Rmb 9800-10700/ton for wet goods and Rmb 10800-12000/ton for dry goods.

Spandex: Orders from downstream areas were decreasing in last week of October. Although dealers of some brand slightly down-adjusted quotations, propped by low inventory and downstream rigid demand, spandex producers offer stable quotations for the moment. Mainstream prices for 40D were heard at Rmb 50000-55000/ton while 20D were heard at Rmb 59000-66000/ton. For spot trades, trading volume of spandex decreased dragged down by weak demand. Continuous price down adjustment of some dealers cooled buying enthusiasm down. Currently, spandex market is supported by low inventory.

Sole Resin: Sole resin price was flat. Some large factories operated at 50-60% while most plants ran at 30-40%. Till now market quotations were heard at Rmb 17000-18000/ton in Jiangsu and Zhejiang while Rmb 17500-18500/ton in Guangzhou and Fujian with negotiation room remained.

TPU: Trading sentiment presented flat in domestic TPU market as most insiders are waiting for guide from November list prices. Holders are mainly dealing with contract orders. Insiders are worried about market prospect. It will be difficult for price to increase sharply in the future.

Pure polyester (80A-95A) BG TPU was quoted at Rmb 23,000-24,500/ton while pure EG TPU was quoted at Rmb 18500-19000/ton. Mainstream price moved up slightly. Polyester TPU used in cable was quoted at Rmb 25000-27000/ton while that applied in film was heard at Rmb 25000-26000/ton. Polyether TPU used in cable industry was heard at Rmb 37000-38000/ton. Polyether TPU was quoted at Rmb 40000-60000/ton in south China. Manufacturers offer specific price for each order.


About us | Service | Feedback | Terms of Privacy | Contact us

Tel:+8621-56526182, Fax:(+86)21-56525833,

Copyright 2012 All rights reserved.