US mattress imports fell for 4th month in September

Washington, DC – US mattress imports fell for the fourth straight month in September to 1.37m units, compared with 1.47m units in the same month last year.

But the fall appears to be slowing. In June imports at 907,000 units were down 29.2% on the same month in 2018. In July the fall was 241,000 units or 17.5% to 1.13m. In this August, the US imported 1.25m units down 8.4% on August 2018.

Vietnam was the largest exporting nation in September. A total of 286,000 units were exported. Indonesia at 235,000 units was second and Malaysia at 156,000 units was third.

This is a marked shift in the rankings. Last year China’s 1.2m units put them in the first place of exporters to the US, with Mexico’s 130,000 units much further behind. Mexico was followed in third place by Poland with 26,000 units.

In the first nine months of 2019 the US imported 10.3m mattresses. This is down by 1.2% on the 10.4 m imported in the same period in 2018. Despite the fall, the US has already imported more mattresses than it did in the whole of 2015 (7.7m) and 2017 (9.4m).

Over the first nine months of 2019, China imported a shade under 4m mattresses into the US, followed by Vietnam with 1.4 m and Mexico with 1.2m. In the first nine months of 2018, Chinese companies imported 7.7m mattresses. Mexico was responsible for imports of 1.3 m and Canada 264,000.

https://www.utech-polyurethane.com/news/us-mattress-imports-fell-4th-month-september?utm_source=utech-north-america&utm_medium=email&utm_campaign=20191112&utm_content=idio-headline1

November 12, 2019

Mattress Imports

US mattress imports fell for 4th month in September

Washington, DC – US mattress imports fell for the fourth straight month in September to 1.37m units, compared with 1.47m units in the same month last year.

But the fall appears to be slowing. In June imports at 907,000 units were down 29.2% on the same month in 2018. In July the fall was 241,000 units or 17.5% to 1.13m. In this August, the US imported 1.25m units down 8.4% on August 2018.

Vietnam was the largest exporting nation in September. A total of 286,000 units were exported. Indonesia at 235,000 units was second and Malaysia at 156,000 units was third.

This is a marked shift in the rankings. Last year China’s 1.2m units put them in the first place of exporters to the US, with Mexico’s 130,000 units much further behind. Mexico was followed in third place by Poland with 26,000 units.

In the first nine months of 2019 the US imported 10.3m mattresses. This is down by 1.2% on the 10.4 m imported in the same period in 2018. Despite the fall, the US has already imported more mattresses than it did in the whole of 2015 (7.7m) and 2017 (9.4m).

Over the first nine months of 2019, China imported a shade under 4m mattresses into the US, followed by Vietnam with 1.4 m and Mexico with 1.2m. In the first nine months of 2018, Chinese companies imported 7.7m mattresses. Mexico was responsible for imports of 1.3 m and Canada 264,000.

https://www.utech-polyurethane.com/news/us-mattress-imports-fell-4th-month-september?utm_source=utech-north-america&utm_medium=email&utm_campaign=20191112&utm_content=idio-headline1

November 1, 2019

TDI Update

GCC TDI market still bearish; demand remains soft

Author: Izham Ahmad

2019/11/01

SINGAPORE (ICIS)–The Gulf Cooperation Council’s (GCC) spot toluene diisocyanate (TDI) import market is expected to remain in a bearish environment in coming weeks with no sign of any improvement in demand to provide relief.

In the week ended 31 October, spot import prices of TDI in the GCC were stable to soft at $1,550-1,600/tonne CFR (cost & freight), down by $20/tonne at the low end of the previous week’s price range, according to ICIS data.

The high end of the price range was unchanged because some key Asian suppliers were holding their offers to the GCC steady.

This week’s prices mark the lowest levels for TDI since March 2016.

ICIS Editorial Chart goes here

TDI and polyols are combined to produce mostly flexible foam products used in sofas, mattresses and car seats. (Photo by Jonathan Perugia/Shutterstock)

“The lowest offers I heard were at $1,550/tonne (CFR GCC) this week,” said one market participant.

TDI prices in the GCC have been under broad downward pressure since March 2018 when they hit highs of $4,650/tonne CFR GCC.

The relentless downward price pressure has shown no signs of relief despite October being a typically strong demand season for TDI and other polyurethane (PU) component products.

The poor demand was largely attributed to sluggish economic growth, ongoing conflicts and geopolitical tensions in the region.

These have been aggravated by the prolonged US-China trade war, which has essentially dented demand for downstream foam products across Asia, especially China.

Supply has been increasing in recent years with Wanhua Chemical’s new 300,000 tonne/year TDI plant in Yantai, China; Sadara Chemical’s 200,000 tonne/year unit in Saudi Arabia; and BASF’s 300,000 tonnes/year plant in Ludwigshafen, Germany all coming on stream within the last three years.

Looking ahead, there were few signs that demand would improve before the year ends, market participants said.

Buyers in the GCC and the broader Middle East region have shown reluctance to confirm deals for large volume of material, fearing that prices would slide further even before they receive their orders.

“We are under pressure to get some sales but even many of our buyers have withdrawn their deals,” said one TDI supplier.

Focus article by Izham Ahmad

https://www.icis.com/explore/resources/news/2019/11/01/10438373/gcc-tdi-market-still-bearish-demand-remains-soft?cmpid=SOC%7CRSS%7Ctwitter%7CFreeChemNewsFeed