Global Polyurethane

简体中文 | 繁体中文

Home | News |Weekly Polyurethane Market Review (February 10, 2014- February 14, 2014)
Weekly Polyurethane Market Review (February 10, 2014- February 14, 2014)
Updated: 2014-02-17 16:41 Source: PUWORLD share:

Market Review

Second week after Spring Festival, market sentiment still presented quite insipid. Most PU insiders kept stable quotations. Players are waiting for formal recovery after Lantern Festival. Trends in detail:


Pure MDI:  Pure MDI market was quite smooth and steady this week. Price fluctuated within a small range at the beginning of the week when traders lifted their quotations following up-adjustment by Wanhua. But there were few enquiries heard from downstream as part of downstream factories won’t restart until Lantern Festival.

In east China, mainstream quotation was heard at Rmb 19000-19500/ton. NPU and Wanhua quoted at Rmb 19600-19700/ton. In south China, mainstream quotation was heard at Rmb 19300-19600/ton while NPU quoted at Rmb 19700-19800/ton. In north China, mainstream quotation was settled at Rmb 19300-19500/ton while NPU quoted at Rmb 19800/ton.

Polymeric MDI: Conditions in polymeric MDI market was similar to that in pure MDI market. There were limited operations among downstream factories this week. Lifts of February list prices have added to cost pressure on distributors, which forced them to up adjust quotations. However, downstream buyers were reluctant to place order at current level. Negotiation fell to a deadlock. Suppliers chose to stick to previous quotations. Market price will adjust further in next week after continuous restarts in downstream industries.

In east China, PM200 from Wanhua was heard at Rmb 16600-16800/ton, goods from BASF were heard at Rmb 16300-16500/ton, goods from Japan and south Korea were heard at Rmb 16200-16300/ton; In north China, PM200 from Wanhua were reported at Rmb 16600-16800/ton, goods from Shanghai sources were reported at Rmb 16400-16500/ton, goods from Japan and south Korea were reported at Rmb 16200-16300/ton; in south China, PM200 from Wanhua kept at Rmb 16800-17000/ton, goods from BASF were heard at Rmb 16400-16500/ton while goods from Japan and south Korea were settled at Rmb 16300-16400/ton.

Liquefied MDI: Negotiation atmosphere was still weak in liquefied MDI market. Despite of rosy expectation for market prospect, operating rates in downstream factories still haven’t returned to ordinary level. There are one manufacturer lifted February quotation, but low negotiations were still heard now and then.

BASF MM103C was quoted at Rmb 20800-21000/ton this month. Wanhua announced its February list price at Rmb 22600/ton, up by Rmb 500/ton compared to previous month. Bayer CD-C was mainly negotiated at Rmb 20000/ton. Negotiations of Kumho LL and NPU were respectively pegged at Rmb 20000/ton and $2600/ton.

TDI: There were no significant improvements heard in TDI market as downstream operating rate still hasn’t recovered. Players were on the fence and paying attention to downstream operating rate and restocking dynamic.

In Shandong and north China, prices for Shanghai goods (with tax) were heard at Rmb 19700-19800/ton while homemade goods (with tax) were reported at Rmb 19300-19400/ton. In east China, homemade feedstock (with tax) was heard at Rmb 19200-19300/ton while price for Shanghai goods (with tax) settled at Rmb 19500-19600/ton. In south China, price for homemade materials (without tax) was said at Rmb 18600-18800/ton while Shanghai goods (without tax) were heard at Rmb 19000-19100/ton.


AA (Adipic Acid):  Adipic acid market rolled over this week. Downstream plants have been back to market but no one interested in purchasing raw materials since they had inventories still. Till now, Shandong Haili materials were negotiated at Rmb 10900-11100/ton in east China, Rmb 10900-11200/ton in south China, and Rmb 10900-11100/ton in north China. Feedstock from Liaoyang Petrochemical was heard at Rmb 12000-12300/ton in east China, Rmb 12800-13000/ton in south China and Rmb 12000-12300/ton in north China.

BDO: BDO market this week remained stable. Early week some producers slightly raised quotations by around Rmb 150-200/ton, but the market was limitedly affected. Market was eying thick wait-and-see sentiment partly as demand failed to recovery and partly due to the increased production capacity.

Spot materials were negotiated at Rmb 13450-13600/ton by acceptance in east China. In south China bulk spot goods were heard at Rmb 13500-13600/ton by acceptance while drum ones at Rmb 14450-15300/ton. As to imports, Japan Mitsubishi quoted at $2750/ton.

PO (propylene oxide): This week distinct price increased was eyed in propylene oxide market. Prices in Shandong increased to Rmb 13600-13700/ton while that in east China went up by Rmb 50/ton in low end side. Propylene oxide market is expectedly to ramp up in the near term. In Shandong and north China, PO was adjusted from Rmb 13400-13500/ton to Rmb 13600-13700/ton, while that in east China were up to Rmb 13750-13800/ton.

PPG: Flexible PPG producers planned for price increase, but as downstream plants resumed production after Lantern Festival, demand was insipid, flexible PPG market is expected to roll over at weak stance in the late period. Numbers hovered at Rmb 14100-14300/ton in Shandong and north China, Rmb 14600-14800/ton in south China while Rmb 14400-14500/ton in east China.

Rigid PPG market remained stable due to steady raw materials and recovering demand. In east China, high-end 4110 was stabilized at Rmb 12800-13100/ton (ex-works, barreled goods) while low-end goods were heard at Rmb 12400/ton. In Shandong and north China, middle-end goods kept at Rmb 12600/ton (ex-works by acceptance), while high-end at Rmb 12600-12800/ton. In south China, high end product of 4110 was heard at Rmb 12800-13000/ton and middle-end at Rmb 12600-12800/ton.


DMF: DMF market eyed high inventory and slow recovery. Till now, mainstream trading values were heard at Rmb 5350-5450/ton in east China while Rmb 5500-5600/ton in south China.

MEK: MEK market rolled at soft place due to limited demand and high inventory. Price reductions were heard again this week.

Mainstream negotiation numbers were heard at Rmb 9000-9100/ton in east China while Rmb 9100-9200/ton in south China.


PU Coating Systems: Recovery in downstream demand presented rather slow after Spring Festival in PU coating market. Although there were some enquiries heard, only a very small part of them turned into real deals.

Wet PU coatings were negotiated 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 9800-10600/ton and Rmb 10400-11200/ton for dry goods in north China and Shandong areas. Guangzhou and Fujian market quoted at Rmb 9800-10600/ton for wet goods and Rmb 10400-11200/ton for dry goods.

Spandex: Small increase dominated domestic spandex market this week. Shortly after Spring Festival, there were some factories organizing manufacturing according to previous orders. Some plants still haven’t restarted yet. Prices for 40D were heard at Rmb 49000-55000/ton while 20D were heard at Rmb 60000-65000/ton. For spot trades, shipments were mainly propped by rigid demands.

Sole Resin: Conditions in sole resin market is similar to that in other PU product markets as mainstream operation hasn’t recovered to ordinary level

Goods are quoted at Rmb 17000-18000/ton in Jiangsu and Zhejiang while Rmb 17500-18000/ton in Guangzhou and Fujian.

TPU: Domestic TPU market kept at pre-holiday level this week. Demands from pipleline were quite mediocre. Buyers only place orders to meet production demands. Film industry is relatively better. But insiders don’t expect large improvement in consumption growth in near future. Generally speaking, TPU market remained at previous level.

Pure polyester (80A-95A) BG TPU was quoted at Rmb 22,500-24,500/ton while pure EG TPU was quoted at Rmb 18000-18500/ton. 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.