Overview

Argus Isocyanates is a weekly price report covering the international isocyanates market. It provides assessed prices, market commentary and capacity data for methylenediphenyl diisocyanate (MDI) and toluene diisocyanate (TDI) across the US, Europe and China. Published every Wednesday, the report enables producers, consumers and traders to monitor price movements and market conditions across the polyurethane value chain.

At a glance

  • Weekly MDI and TDI price assessments across three regions.
  • Contract and spot prices for the US, Europe and China.
  • Month-on-month price deltas and outright contract prices.
  • Market commentary on supply, demand and feedstock trends.
  • Global MDI and TDI capacity availability data by producer.
  • Related market data for crude, naphtha, benzene and toluene.

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How Argus assesses the isocyanates market

  • Broad market participation
    Data is gathered from producers, consumers and intermediaries, with reporters proactively polling all credible market sources.

  • Transaction priority
    Where available, Argus assigns greater weight to transactions over bids and offers, and bids and offers over other market data.

  • Transaction verification
    Transaction data is verified for price, volume, specifications and counterparty, with defined tests applied to identify and exclude anomalous deals.

  • Expert judgement
    When transaction data is insufficient, reporters assess market value using bids, offers, spread trades and fundamental supply and demand information.

  • Prices assessed delivered
    Prices are assessed on a delivered basis. Specifications and minimum volumes ensure assessments reflect tradable market values.
Argus Scrap market assessment process: define, gather data, verify, assess value, publish prices

Who uses this service

Argus Isocyanates is used by organisations across the isocyanates and polyurethane value chain to support pricing, procurement, benchmarking and commercial planning decisions.

Feedstock and Base Chemical Producers

  • Monitor MDI and TDI market performance using independent pricing and market analysis.
  • Track downstream demand trends across isocyanates and polyurethane markets.
  • Use capacity-loss analysis and market commentary to support commercial planning.

MDI and TDI Producers

  • Benchmark contract and spot prices using independent market assessments.
  • Monitor supply-demand dynamics, outages and trade flows affecting market conditions.
  • Support contract negotiations, budgeting and commercial strategy.

Traders, Distributors and Consumers

  • Use price assessments and regional market analysis to support procurement and pricing decisions.
  • Monitor trade flows, supply availability and market developments.
  • Identify commercial opportunities across MDI and TDI markets.

Investors and Banks

  • Model company exposure to isocyanates and related chemical markets.
  • Monitor market developments, pricing trends and supply disruptions.
  • Support investment analysis and risk assessment with independent market intelligence.