In the first half of 2018, pure MDI in Southeast Asia will rule the ups and downs

One. 2018China’s pure export in the first half of the yearMDIto Southeast Asia

table1.2017first half– 2018China’s pure export in the first half of the yearMDIComparison to Southeast Asian countries

Currently, there are a total of pure MDI manufacturers in China The five companies are BASF, Covestro, Huntsman, Tosoh (Ruian) and Wanhua. Roughly estimated, the current production capacity of pure MDI in China is about 1.08 million tons/year.

Among the pure MDI manufacturers in China, carry out Major exporters include Covestro, Wanhua and Huntsman.

In the first half of 2018, China exported nearly 14,000 tons of pure MDI to Southeast Asia , accounting for 23% of the total export volume, an increase of 35% year-on-year, a relatively large increase. In addition, China’s total export volume in the first half of 2018 was nearly 60,000 tons, a year-on-year increase of 23%. The sales volume of China’s pure MDI in Southeast Asia is growing rapidly.

Among the export destinations, Singapore and Vietnam remain the main pure MDI markets in Southeast Asia. Among them, Singapore has the largest share and is growing steadily. However, the import volume of pure MDI in Vietnam, Indonesia and Malaysia has increased significantly compared with the same period last year, and the volume in Indonesia has doubled. As the manufacturing cost of foreign-funded factories in China increases, more and more shoe factories are transferred to Southeast Asian countries such as Vietnam and Indonesia, which drives the local pure MDI demand. The application of pure MDI in Thailand is mainly TPU. Although Dow does not have its own pure MDI production line in Asia, but because it has the largest production base in the Asia-Pacific region in Thailand, Dow’s MDI There are relatively more flows in Thailand, and its market share is larger than that of other Southeast Asian countries.

Two. Japan’s export of pure MDI to Southeast Asia in the first half of 2018

Table 2. The first half of 2017 – the first half of 2018 Japan’s exports of pure MDI to Southeast Asian countries

There are two MDI manufacturers in Japan, Covestro and Tosoh. Among them, Covestro has a factory with an annual output of 70,000 tons in Niihama, which mainly supplies MDI in Japan need. Tosoh’s total MDI production capacity in Nanyang is 400,000 tons per year, mainly for export. In addition, Mitsui Chemicals’ original 60,000-ton/year Omuta plant was permanently shut down in April 2016. Roughly estimated, Japan’s current production capacity of pure MDI is about 140,000 tons/year.

In the first half of 2018, Japan exported nearly 37,000 tons of pure MDI, A decrease of nearly 3,000 tons compared with the same period last year. Exports to Southeast Asia totaled about 6,700 tons, a year-on-year decrease of 19%, accounting for 18% of the total export volume, a decrease of 3 percentage points from last year. The main markets of pure MDI in Japan are China and Taiwan, which together occupy Japan’s pure MDI 70% share of the export market. In addition, Singapore in Southeast Asia is also a large export destination of Japan’s pure MDI. Although it has shrunk compared with 2017, it still accounts for about 12% of total exports.


3. pure MDI exported from South Korea to Southeast Asia in the first half of 2018

Table 3.2017 first half – 2018 first half of Korean exportsPure MDIComparison with Southeast Asian countries

There are two MDI manufacturers in South Korea, BASF and Kumho Mitsui, both of which are located in Yeosu, South Korea. At the end of 2017, the production capacity will be expanded to 350,000 tons/year. Roughly estimated, South Korea’s production capacity of pure MDI is 180,000 tons/year.

In the first half of 2018, South Korea exported nearly 44,000 tons of pure MDI, a year-on-year increase 41%, the main reason is that after Kumho Mitsui expanded its production capacity at the end of 2017, its production capacity was released in 2018. In addition, after the total export volume increased, due to the increase in market size, the proportion of Southeast Asia decreased. In the first half of 2018, South Korea exported pure MDI to Southeast Asia is about 10,000 tons, an increase of 7% year-on-year, accounting for 24% of the total export volume. Among the export destination countries, the difference from the market structure of China and Japan is that the largest market for South Korea’s pure MDI is Vietnam, and Singapore has only Vietnam half of the total, and the numbers of both countries have increased by more than 10% compared with last year.

Four. Comparison of pure MDI exported from China, Japan and South Korea to Southeast Asia in the first half of 2018

In the first half of 2018, China’s pure MDI accounted for 45% of the Southeast Asian market from 36% in the same period last year, while Japan’s market share decreased from 29% in the same period last year to 22%, and South Korea was flat compared to the same period last year.

From the export of pure MDI to Southeast Asia from China, Japan and Korea, we can see that the main pure MDI market is in Singapore and Vietnam, and the total proportion of the two countries exceeds that of pure MDI in Southeast Asia 80%. In addition, the pure MDI in the Philippines and Cambodia is still almost “blank”. /TPU/” target=_blank>TPU, shoe factories and paint factories, etc. will increase in the future pure MDI in Southeast Asia The dosage will also increase.

ass=link href=”/MMDI/” target=_blank>80% of pure MDI. In addition, the pure MDI in the Philippines and Cambodia is still almost “blank”. /TPU/” target=_blank>TPU, shoe factories and paint factories, etc. will increase in the future pure MDI in Southeast Asia The dosage will also increase.