Pricing and Markets
November 3, 2020
Propylene Update
October chemical grade propylene settled on the 28th up 0.5 cents/lb to $0.35/lb.
November 3, 2020
Propylene Update
October chemical grade propylene settled on the 28th up 0.5 cents/lb to $0.35/lb.
October 29, 2020
Middle East Urethane Update
Middle East petrochemical demand outpaces supply amid turnarounds
Author: Felicia Loo
2020/10/29
SINGAPORE (ICIS)–The Middle East continues to face supply constraints of several petrochemical products due in part to plant shutdowns in exporting regions, while firm demand prevails.
On base oil, Iranian producers carried on selling limited spot supply through tenders.
The UAE – the main trading hub in the Middle East – is facing a lack of spot cargoes.
Compounding the situation, supply constraints in the European base oils export market are set to continue until at least December, as refineries remain sold out of heavier grades.
Demand, on the other hand, is seen stable-to-firm in the next two months.
On polymeric methylene diphenyl diisocyanate (PMDI), tight supply constraints persisted in the Middle East owing to plant turnarounds in Asia and a dearth of offers from Europe.
In addition, upholding the PMDI market are strong upstream feedstock benzene prices.
Such factors overshadowed the fact of limited downstream demand and a weak construction sector in the Middle East.
On toluene diisocyanate (TDI), downstream demand for flexible foams used in mattresses, cushions and automobile seat covers held firm.
However, the shortage in co-feedstock polyol supply meant that most buyers were not keen to procure fresh TDI cargoes.
October 29, 2020
Middle East Urethane Update
Middle East petrochemical demand outpaces supply amid turnarounds
Author: Felicia Loo
2020/10/29
SINGAPORE (ICIS)–The Middle East continues to face supply constraints of several petrochemical products due in part to plant shutdowns in exporting regions, while firm demand prevails.
On base oil, Iranian producers carried on selling limited spot supply through tenders.
The UAE – the main trading hub in the Middle East – is facing a lack of spot cargoes.
Compounding the situation, supply constraints in the European base oils export market are set to continue until at least December, as refineries remain sold out of heavier grades.
Demand, on the other hand, is seen stable-to-firm in the next two months.
On polymeric methylene diphenyl diisocyanate (PMDI), tight supply constraints persisted in the Middle East owing to plant turnarounds in Asia and a dearth of offers from Europe.
In addition, upholding the PMDI market are strong upstream feedstock benzene prices.
Such factors overshadowed the fact of limited downstream demand and a weak construction sector in the Middle East.
On toluene diisocyanate (TDI), downstream demand for flexible foams used in mattresses, cushions and automobile seat covers held firm.
However, the shortage in co-feedstock polyol supply meant that most buyers were not keen to procure fresh TDI cargoes.
October 28, 2020
Multiple Dow Price Increase Announcements
October 28, 2020
TDI PRICE INCREASE
Effective November 15, 2020, or as contracts allow, The Dow Chemical Company,
on behalf of itself and its applicable consolidated subsidiaries (“Dow”), will increase
off-list prices by the amounts listed below on all grades and package types of the
following TDI product in North America:
VORANATE US $0.10 / lb
Polyol PRICE INCREASE
Effective November 15, 2020, or as contracts allow, The Dow Chemical Company, on
behalf of itself and its applicable consolidated subsidiaries (“Dow”), will increase off-list
prices by the amounts listed below on all grades and package types of the following
Polyol products in North America:
VORANOL US $0.04 / lb
VORALUX US $0.04 / lb
SPECFLEX US $0.04 / lb
MDI PRICE INCREASE
Effective November 15, 2020, or as contracts allow, The Dow Chemical Company, on
behalf of itself and its applicable consolidated subsidiaries (“Dow”), will increase off-list
prices by the amounts listed below on all grades and package types of the following
MDI products in North America:
ISONATE US $0.05 / lb.
ISOBIND US $0.05 / lb.
PAPI US $0.05 / lb.
MDI TRUCK PRICE AND LEAD TIME INCREASE
Effective November 1, 2020, or as contracts allow, The Dow Chemical Company, on
behalf of itself and its applicable consolidated subsidiaries (“Dow”), will increase prices
of bulk truck and packaged shipments by the amounts listed below of the following MDI
products in North America:
ISONATE US $0.05 / lb.
ISOBIND US $0.05 / lb.
PAPI US $0.05 / lb.
Effective immediately, Dow will be increasing lead times by an additional 2 business
days versus previously communicated lead time on all cited above MDI products for all
grades and package types in North America.
Thank you for your continued business with Dow. Please contact your Account
Manager if you have any questions related to this communication.
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