tdi price being the most glaring negative to me…
on march 9th the basf geismer plant came online after force majeure…
around[1.3lakh mtpa tdi capacity, citation needed, out of touch a bit now]
all the while, it went offline the international prices started climbing to 4600usd/mt in march , the ath…
which started falling like a wedge to 4000usd/mt…
similar price action was seen in mdi, which also hit a 15months low, prior to this move in tdi prices…
I wonder when basf, Ludwigshafen with its 3lakh mtpa and sada ra with 2 lakh mtpa will start production in full swing just a few months from now, what will happen to the prices of tdi…
Its a thing to be happy about, we are going to get non tdi cash flows with expansion also besides the ecophos, and finally something atleast directional in term of time[6-8months] frame has been mentioned in the neem division strategy, still no plans in details, only words…
net net, i love the diversification oncoming , but i am equally disappointed, that no plans for an MDI plant was mouthed, atleast now, thats the real cash cow waiting in the timeline of gnfc, specially when a MOU has already been signed with the technology provider, Connel chemical… another being tdi blend, tm80…
lets see what they have to say in concall about this…
Disclaimer… Reduced to 60%, on this result rally…