Wanhua Chemical's pure MDI list price reduced by RMB1,000/tonne from April

On the evening of March 30, Wanhua Chemical announced that from April 2022, the listed price of polymeric MDI in China will be RMB22,800/tonne (no change compared to March): the listed price of pure MDI will be RMB25,800/tonne (RMB1,000/tonne lower than the price in March).

Information shows that Wanhua Chemical Group Co., formerly known as Yantai Synthetic Leather Factory, was originally established in 1978 to undertake the construction of the first polyurethane industrial base in China's modern industrial history. 1980 saw the groundbreaking of the Yantai Synthetic Leather Factory and the completion of the shareholding system transformation in 1998 to establish Yantai Wanhua Polyurethane Co.

On January 5, 2001, the company was In 2013, Yantai Wanhua Polyurethane Company Limited was officially renamed as "Wanhua Chemical Group Company Limited".

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Wanhua's initial revenue was less than RMB 600 million, but after nearly 20 years of development, it has grown into a world leader in polyurethane with a revenue of over RMB 60 billion, and has expanded its business to more than 10 countries and regions, including Europe, the United States and Japan.

The business is divided into three main segments: first, polyurethane business: covering MDI, TDI, polyether polyol and other polyurethane industry clusters; second, petrochemical business: propylene and its downstream acrylic acid and esters, propylene oxide, ethylene and its downstream LLDPE and ethylene oxide currently under construction; third, functional chemicals and materials business: mainly covering polycarbonate, SAP, water-based PUD, PA emulsion, TPU, ADI series, etc. The third, functional chemicals and materials business: mainly covers polycarbonate, SAP, water-based PUD, PA emulsion, TPU, ADI series, etc.

Wanhua has a wide range of products for a wide range of applications. Its main downstream applications include household, sports and leisure, automotive and transportation, construction industry and electronic appliances.