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Wanhua Chemical announced on August 22 that the company's Yantai Industrial Park MDI unit (600,000 tons/year) and TDI unit (300,000 tons/year) have resumed normal production
.
At present, only Wanhua Chemical, Covestro, BASF, Huntsman, and Dow Chemical are the main MDI suppliers in the world.
Among them, Wanhua Chemical has a production capacity of 2.
1 million tons/year, ranking first in the world
.
The MDI market has been in a downturn in the first half of the year
.
Affected by both supply and demand, MDI prices have entered a rising channel since the third quarter
.
In August, Wanhua Chemical significantly raised the MDI listing price.
The prices of aggregated MDI direct sales, distribution and pure MDI were raised to RMB 15,500/ton, RMB 15,500/ton and RMB 17,000/ton respectively, up 9.
4% from the average listing price in the second quarter of this year.
, 13.
4% and 4.
1%
.
It's not just Wanhua Chemical that has adjusted the price
.