International shortage of raw materials for MDI leads to price increases
MDI supply situation in North America leads to global shortageof raw materialsHilden, December 1st , 2020: The tropical storms of recent months on the US Gulf Coasthave led to an interruption in the production of raw materials and intermediates used inMDI production.
As a consequence, a global shortage of MDI is occurring, as thedemand of the North American market is now partly served by European and otherglobal production capacities.The global shortage of MDI, combined with a pick-up in demand, has been reflected in rawmaterial prices since September.
However, the development gained further momentum inrecent weeks, which has led to massive increases in the price of MDI on the international rawmaterial market.ASK Chemicals has taken early measures to ensure the supply of its customers.
Nevertheless,the associated price increases for PU Cold Box Systems and PU No-Bake (PEP SET) - PartII, which contain up to 80% of these critical raw materials, are inevitable in order to maintainthe availability of its products and services in accordance with ASK Chemicals' high qualitystandards.
About ASK ChemicalsASK Chemicals is one of the world's largest suppliers of foundry chemicals and auxiliaries. Itscomprehensive product and service portfolio ranges from binders, coatings, feeders, filtersand release agents to metallurgical products such as inoculants, magnesium treatment wires,inoculation wires and master alloys for iron casting. Core production, prototype developmentand a wide array of simulation services complete the range.With research and development locations in Europe, America and Asia, ASK Chemicals seesitself as a driving force behind foundry technology innovations coupled with the commitmentto consistently provide added value to its customers. Flexibility and speed, quality andsustainability, as well as profitability of products and services are crucial for the company.
Source: Ask Chemicals
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