Wanhua Chemical raised MDI prices in China in June.

On May 28, Wanhua Chemical announced that, starting in June 2020, Wanhua Chemical Group Co., Ltd. china polymer MDI distribution market listing price of 14,000 yuan / ton (500 yuan higher than the May price / tons), the direct market listing price of 14,500 yuan / ton (up 500 yuan / ton from the May price);
Wanhua Chemical is the largest MDI manufacturing company in the Asia-Pacific region, with an MDI capacity of 1.8 million tons, a global production capacity of 22.5%, and a domestic share of 58%, ranking first. It is reported that Wanhua Chemical in May TDI listing price of 12,000 yuan / ton, flat month-on-month, April settlement price of 9600 yuan / ton

. In terms of equipment, Wanhua Chemical's 300,000 tons/year unit is operating normally and is expected to stop for maintenance at the end of June, with a maintenance time of about 30 days, according to previous plans.
Wanhua Chemical Group Co., Ltd. is mainly engaged in polyurethane (MDI, TDI, polyol), propylene and its downstream acrylic, epoxy propane and other petrochemical products, SAP, TPU, PC, PMMA, organic amine, ADI, water-based coatings and other fine chemicals and new materials research and development, production and sales. Among them, MDI products are one of the most important raw materials for the preparation of polyurethane, polyurethane has the dual advantages of rubber and plastics, widely used in chemical, light industry, textiles, construction, home appliances, building materials, transportation, aerospace and other fields.
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