Tokyo -- High prices for diisocyanates have benefitted Tosoh between April and December 2017, according to Japan’s Nikkei Asian Review.
Tosoh likely to benefit from high MDI prices in Q3 numbers
The publication suggests that high prices in MDI pushed Tosoh’s operating profits up 26% to around JPY 90 bn ($812m).
While the price of MDI rose over the period, the price of benzene was stable, and therefore the profitability of MDI improved, said the news outlet.
Higher prices in the rest of the company’s chloralkali business may have pushed the operating margin 15% to 20% across the firm.
Tosoh will report its Q3 results on 2 February. It is likely to keep its full-year operating profit projection unchanged at JPY 118 bn.
