Pricing and Markets
July 2, 2021
BASF Increasing Prices on Polyetheramines
BASF to increase prices for select polyetheramines in North America
FLORHAM PARK, NJ, July 1, 2021 – Effective July 10, 2021 or as existing contracts permit, BASF will increase its prices in North America for select polyetheramines sold under the brand name Baxxodur®.
Product Price Increase
Polyetheramine D230 (Baxxodur EC 301) $0.15 / lb.
Polyetheramine D2000 (Baxxodur EC 303) $0.19 / lb.
Polyetheramine T403 (Baxxodur EC 310) $0.16 / lb.
Under the brand name Baxxodur, BASF markets a diversified portfolio of amine- based curing components for the professional and application-oriented processing of epoxy resins. BASF’s Baxxodur products are featured in many applications as highly efficient curing agents in various coating applications and sealing compounds, for the wind energy, electrical industry as well as in composites, adhesives and flooring.
June 25, 2021
Chemical Grade Propylene Settles Up 4c/lb
June CGP is $0.725/lb
June 25, 2021
Chemical Grade Propylene Settles Up 4c/lb
June CGP is $0.725/lb
June 25, 2021
Urethane Forecast in the Middle East
Middle East’s petchems largely face oversupply, sluggish demand
Author: Felicia Loo
2021/06/25
SINGAPORE (ICIS)–Middle East’s petrochemicals are broadly facing a similar trend of ample supply and thin demand, and this is likely to persist through the summer season.
The markets are largely blighted by weak sentiment; this is primarily due to excess supply as well as a slowdown in demand in the summer months.
Sizzling red-hot temperatures are archetypal during summer in the Middle East, so there is reason for a summer lull and supply is expected to increase as production slowly normalizes after months of shortages due to tight feedstock availability.
In addition, there are hopes of a nuclear deal with Iran that is leading to expectations that Iran exports will increase in the coming months.
Middle East Group I base oils show ample cargo availability, with Group I Iran supply expected to increase in the coming weeks.
There are minimal known maintenance shutdowns so far among base oils producers located in the Middle East through the second half of the year.
There was some talk in the market of an Iranian producer due to undergo maintenance shutdown, but it could not be immediately confirmed.
Meanwhile, spot supply for Group I and Group II are improving, albeit slowly.
Concerning polymeric methylene diphenyl diisocyanate (PMDI) and toluene diisocyanate (TDI), demand in the Middle East is expected to remain tepid through the summer season.
A similar picture is painted when it comes to polyether polyols in the Middle East, where demand remains tepid amid vessel shortages and increasing freight costs from northeast Asia to the Middle East.
June 25, 2021
Urethane Forecast in the Middle East
Middle East’s petchems largely face oversupply, sluggish demand
Author: Felicia Loo
2021/06/25
SINGAPORE (ICIS)–Middle East’s petrochemicals are broadly facing a similar trend of ample supply and thin demand, and this is likely to persist through the summer season.
The markets are largely blighted by weak sentiment; this is primarily due to excess supply as well as a slowdown in demand in the summer months.
Sizzling red-hot temperatures are archetypal during summer in the Middle East, so there is reason for a summer lull and supply is expected to increase as production slowly normalizes after months of shortages due to tight feedstock availability.
In addition, there are hopes of a nuclear deal with Iran that is leading to expectations that Iran exports will increase in the coming months.
Middle East Group I base oils show ample cargo availability, with Group I Iran supply expected to increase in the coming weeks.
There are minimal known maintenance shutdowns so far among base oils producers located in the Middle East through the second half of the year.
There was some talk in the market of an Iranian producer due to undergo maintenance shutdown, but it could not be immediately confirmed.
Meanwhile, spot supply for Group I and Group II are improving, albeit slowly.
Concerning polymeric methylene diphenyl diisocyanate (PMDI) and toluene diisocyanate (TDI), demand in the Middle East is expected to remain tepid through the summer season.
A similar picture is painted when it comes to polyether polyols in the Middle East, where demand remains tepid amid vessel shortages and increasing freight costs from northeast Asia to the Middle East.
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