Wanhua January polymerized MDI list price sees decline of 1,500CNY

        Wanhau Chemical has announced a decrease of up to 1,500RMB/ton for its polymerized MDI list price of January, hitting at 14,500RMB/ton, making a decline of circa 9%. However, raw material aniline has tumbled to the extent that outdistances that of polymerized MDI over the past half year thus manufacturers are still left with a profit margin, according to some resources.

        Manufacturers mostly use aniline to produce MDI and by the statistics, aniline currently occupies 60-70% of the total MDI production cost.

        It is heard from a market analyst in Wanhua Chemical that the company held a MDI capacity of 1.8mtpa in total in 2014, out of which Ningbo’s Phase I plant of 600ktpa shut down for maintenance on November 15, lasting for 60 days; Phase II unit of 600ktpa stopped on November 25, lasting for 40 days.