The Urethane Blog

PMDI Prices in Iran

Iran PMDI prices fall amid uncertainty over sanctions

27 April 2018 03:17 Source:ICIS News

SINGAPORE (ICIS)–Spot import prices of polymeric methyl di-p-phenylene isocyanate (PMDI) in Iran were softer in the week ended 26 April amid muted trade as uncertainty persisted over a coming deadline for the US to renew waivers on sanctions against Iran.

PMDI import prices in Iran were lowered this week on a notional basis in line with the other Middle East markets amid thin trade.

Some spot discussions were in the range of $2,900-2,950/tonne CFR (cost & freight) Iran, but transactions were scarce.

That compared with the previous week when discussions and offers were in the $2,900-3,000/tonne CFR Iran range.

Iran is facing a major deadline in mid-May, when the US is due to decide whether or not to continue to waive sanctions that were suspended as part of its nuclear deal with Western powers.

ICIS Editorial Chart goes here