ChemPriceHub Alert: Kumho Petrochemical of South Korea quotes liquid MDI at $2,200.

According to reports, Kumho Plant in South Korea has issued a latest offer for liquid MDI to the Chinese market at USD 2,200/ton CIF. PriceSeek analysis on MDI, Bull-Bear Score: 1. The latest offer of USD 2,200/ton CIF for liquid MDI from Kumho Plant in South Korea to the Chinese market is higher than the current market average, indicating that suppliers are optimistic about the demand outlook, which may drive up spot market prices in China. As a raw material for polyurethane, MDI demand is supported by downstream industries. The increase in the offer reflects tight supply or rising costs, which is favorable for the spot market.