TDI Shakeup: South Korea's OCI Exits, China's Chemical Giants Set to Dominate

Bullish · $600309.SS · $600230.SS

What Happened

South Korea's OCI announced it will shut down its TDI business by December 2026, citing restructuring and profitability. This follows a trend of small Asian TDI producers exiting due to pressure from Chinese competitors.

Bottom Line

OCI's exit accelerates consolidation in the TDI industry, favoring Chinese producers with scale and cost advantages.

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