V i e w p o i n t | MDI: export plunge on US anti-dumping investigation — 2Q polymeric-MDI export -45% YoY, import +40% YoY while Pure MDI export -4%, and import +12%. P-MDI export to US was 5kt in Jun (after zero in Apr/May) but 2Q dropped 94% YoY. Fertilizers: easing of export control — Jun urea export rose to 66kt (6M: -44% YoY to 78kt) signaling a relaxation of the export ban. Current China port inventory rose to ~0.5mt. With the indicative export price set at ~US$440-445/t in Jul vs. $360/t in May, we ...