Pricing and Markets
September 10, 2020
Dow Isocyanates Increases
September 9, 2020
TDI PRICE INCREASE
Effective October 1, 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 $0.05 / lb
September 9, 2020
MDI PRICE INCREASE
Effective October 1, 2020, or as contracts allow, Dow, 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 $0.04 / lb.
ISOBIND US $0.04 / lb.
PAPI US $0.04 / lb.
The increases communicated above are in addition to the previously communicated increases of $0.04 on August 5, 2020, and $0.04 on August 19, 2020, for each of these MDI products.
Thank you for your continued business with Dow. Please contact your Account Manager if you have any questions related to this communication.
September 10, 2020
Dow Isocyanates Increases
September 9, 2020
TDI PRICE INCREASE
Effective October 1, 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 $0.05 / lb
September 9, 2020
MDI PRICE INCREASE
Effective October 1, 2020, or as contracts allow, Dow, 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 $0.04 / lb.
ISOBIND US $0.04 / lb.
PAPI US $0.04 / lb.
The increases communicated above are in addition to the previously communicated increases of $0.04 on August 5, 2020, and $0.04 on August 19, 2020, for each of these MDI products.
Thank you for your continued business with Dow. Please contact your Account Manager if you have any questions related to this communication.
August 31, 2020
European Propylene Settlement for September
Europe September propylene contract price agreed at a rollover
Author: Nel Weddle
2020/08/31
LONDON (ICIS)–The European propylene September contract reference price has been set at €732.50/tonne, a rollover from August.
The settlement was confirmed by four producers and three consumers, two integrated, one non-integrated.
Primary driver naphtha values were slightly lower on average in August compared to July, while supply and demand fundamentals are largely steady overall, although there remains some disparity between grade and/or location.
Planned cracker maintenance is underway alongside the ongoing outage at Borealis’ Stenungsund, Sweden cracker. Prompt availability had been constrained by a couple of unexpected cracker issues earlier in August but these have been resolved. Refineries continue to run at reduced rates.
The demand outlook for September is mixed. Some players saw lower than expected demand in August and will be expecting some improvement in September. Others saw steady conditions July through August while others saw some pick up in derivatives for the automotive sector.
The contract reference price is fully established when a minimum of two producers and two consumers have directly confirmed.
It is agreed on a free delivered (FD) northwest Europe (NWE) basis.
August 31, 2020
European Propylene Settlement for September
Europe September propylene contract price agreed at a rollover
Author: Nel Weddle
2020/08/31
LONDON (ICIS)–The European propylene September contract reference price has been set at €732.50/tonne, a rollover from August.
The settlement was confirmed by four producers and three consumers, two integrated, one non-integrated.
Primary driver naphtha values were slightly lower on average in August compared to July, while supply and demand fundamentals are largely steady overall, although there remains some disparity between grade and/or location.
Planned cracker maintenance is underway alongside the ongoing outage at Borealis’ Stenungsund, Sweden cracker. Prompt availability had been constrained by a couple of unexpected cracker issues earlier in August but these have been resolved. Refineries continue to run at reduced rates.
The demand outlook for September is mixed. Some players saw lower than expected demand in August and will be expecting some improvement in September. Others saw steady conditions July through August while others saw some pick up in derivatives for the automotive sector.
The contract reference price is fully established when a minimum of two producers and two consumers have directly confirmed.
It is agreed on a free delivered (FD) northwest Europe (NWE) basis.
August 31, 2020
Propylene Settles Up for August
Chemical Grade propylene moves up 3.5c/lb to $0.345/lb for August.
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