HC Chemical Network News, Americas: Following the previously announced March 1 price hike from 10 cents / pound, the North American MDI manufacturers eager to benzene and Natural gas The pressure of high raw material costs, the price increases to be successful enough to achieve. Benzene Although prices have weakened recently, in March the contract value in February decreased by 26 cents / gallon, in December last year compared to the contract price is still high. The MDI prices started from the fourth quarter of last year fell, until barely steadied in February this year. Manufacturers that can no longer afford the current cost pressures, if not as soon as possible to restore profits will suffer a serious blow. Maker also said that with the reconstruction of seasonal factors, the beginning inventory, demand is growing month by month, some buyers fear that high prices have begun to advance post-stocking. With the recovery in the construction industry, in late March is expected to further boost demand. However, it was also mixed views on market demand, and more as the current visibility is also very limited. Several bubble downstream market recovery is still slow. Overall, the number of MDI, said large-scale producers, the Asian markets and other emerging Economy Body to guide the recovery process, and the U.S. and Europe lag. MDI downstream buyers once again that the current supply-demand balance, and said the sharp price increases at this stage is not fair, although they can understand the raw material cost pressures. They also noted that raw material prices have fallen in the late 08's when the MDI prices had slowly decreased. Seeing that the price held steady this month, a smooth, many market players look for prices to changes in markets in April. European market: the rise again in the benzene contract price of 18 euro / tonne, more of the MDI producers come to the fore, announced that starting from March 1st or as related to the contract, the price for about 200 euro / ton adjustment. Alleged, MDI prices in December dropped by 50-90 euros / ton, while benzene is higher in January, 189 euro / tonne and high at 700 euros / ton, March contract price is published in the 741 euros / ton. This is to make MDI manufacturers face greater cost pressures, and therefore seasonal improvement in demand, some early stocking phenomenon of the case, they plan to restore profits through price increases. The buyer outlines the different needs of the screen, saying the demand for the first quarter is not ideal, but poor weather will also affect the recovery of the construction industry. On market supplies, announced the formal resumption of Bayer MaterialScience in Germany Brunsbüttel of 160,000 tons MDI plant, and said Spain tarragona area maintenance work 7-8 days in 2 months. Heard in mid-March to early April is still overhaul plan, but the manufacturer has not confirmed. Bosu chemical MDI plant is still in shutdown state. Many buyers said the notice had been received MDI prices, but are still under consultation. Middle East and Africa: although heard in the Middle East and Africa region seller MDI price increases 150 U.S. dollars / ton, no change in the current market price. Most market participants said the market supply is normal. We are high quality suppliers, our products such as China Electric Window Opener , Actuator Power Supply Manufacturer for oversee buyer. To know more, please visits Electric Window Opener.
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