Recently the price of low spandex raw material MDI favorable constantly, a number of European MDI device declared force majeure! With supply tightening significantly, the fix is in sight, and spandex may be able to turn the tide as well.
Multiple chemical giants officially declared force majeure
Dutch MDI device force majeure: August 5, by the raw material ethylene supply force majeure, Huntsman is located in Rozenburg, Netherlands, 470,000 tons / year MDI and its related products were declared force majeure.
Shell Netherlands: Shell is Huntsman's ethylene supplier in the U.K. On July 26, Shell Netherlands announced on its official website that in order to make repairs to one of its plants in its Moredijk (Moredijk, a city in the U.K.) chemical industrial park, it will shut down its operation of the industrial park from the end of this week (around July 27) due to safety considerations.
It is reported that Shell Netherlands this closure of the industrial park, mainly related to cracking unit, including 900,000 tons / year ethylene, and 510,000 tons / year of propylene capacity. Propylene is one of the main raw materials for polyether polyols, and the main polyether plants in the Netherlands are Dow, Shell and Huntsman. With the Shell propylene force majeure, the local industry is concerned about or will have an impact on the local polyether manufacturers and the stability of supply.
Global capacity loss of 27%
According to statistics, the recent global MDI overhaul unit totaled 2.86 million tons, accounting for 27% of the total global capacity.
European region, in addition to Huntsman Netherlands MDI device, Hungary Bausch & Lomb MDI device from July 16 onwards parking maintenance. It is reported that the current Dow's European plants are still transferring goods to its North American plants, Dow's American plants in last month's hurricanes were affected by the September-October Europe has another MDI device is scheduled for overhaul, the European MDI supply will show a tightening trend.
Asia, Dongcao Rui'an 80,000 tons / year device on July 26 began maintenance, is expected to repair about 35 days, Kumho 410,000 tons / year device on the night of July 23, failure to stop, shutdown; Yantai Wanhua 1.1 million tons / year device on July 16 began maintenance, is expected to last for 45 days; Chongqing BASF device on August 1 from the parking maintenance is expected to be overhauled for about 14 days.
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