TDI margins to recover by Sept?

摘要

ASIAN TOLUENE di-isocyanate (TDI) players were optimistic that their margins would improve in 2H August or early September,as TDI consumption and prices were expected to rise significantly in China with the passing of summer,traditionally a season of weak demand.But last week was a different story.TDI producers were worried that their margins would be under further pressure in August,as anxiety over softening TDI prices and weak demand mounted.The spread between TDI prices and toluene costs had to be at least USUS1500/tonne to achieve sustainable margins,a producer said.Last week,the spread was only USUS1220-1240/tonne.