Polyurethane Market Retrospect

. Polyurethane Market Retrospect

The polyurethane (PU) market in China steps into seasonally quiet market activity entering February as many players are already obsessed with traditional Spring Festival, for which Chinese take one week public holidays till Feb. 24. Finally with business coming back to regular pace at the month end, overall...

1.1. Polyurethane Index Analysis

1.1.1. Composite Index

PUdaily PU composite index in February declines at first amid cooling transaction approaching long holidays but it jumps after the market reopens on Feb. 25 pulled by sharp price increases at propylene...

1.1.2. Flexible Foam Index : ...

1.1.3. Rigid Foam Index : ...

1.1.4. PU Resin Index

The PU resin index is moving up slowly in this month as domestic AA market is picking up during the month end. Furthermore, BDO market goes up slightly and pure MDI market runs with a steady trend, which helps push up the PU resin index to some extent. The PU resin index tends to be stable in short...

2.4. Polymeric MDI

2.4.1. Market Overview

In February, China polymeric MDI market falls down in the first half of the month due to weaker downstream demands as Spring Festival holiday approaches but rebounds after holiday since most MDI producers sharply increase quotations...

1.1.1. RMB & USD Prices

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1.1.2. Asian MDI Facility Dynamics

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1.1.3. Import & Export Data

China Jan. polymeric MDI imports under the HS code of 39093010 were 22,430 tons, down by 28.35% on a year on year basis while up by 23.37% on a month on month basis. Major origins for Jan. imports were Japan (12,101 tons) and South Korea (7,746 tons)...

2.4.5. Future Market Forecast

In next month, MDI producers tend to raise prices at the beginning to support the market as they did in previous years but on account of the slow recovery in downstream demands, market prices would fall down after initial price hike. In...

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