Written by steph » Updated on: November 07th, 2024
Price of Methylene Diphenyl Diisocyanate (MDI) Across Regions:
Global & Regional Factors Impacting Methylene Diphenyl Diisocyanate (MDI) Price Trend by Last Quarter:
Methylene Diphenyl Diisocyanate (MDI) Price Trend in North America:
Methylene Diphenyl Diisocyanate (MDI) Prices Index in North America declined, largely due to weaker demand from the Polyurethane sector and lower activity in manufacturing, particularly automotive, impacted by the United Auto Workers strike. Reduced benzene costs and stabilized WTI crude prices also affected pricing, while disruptions in key shipping routes like the Panama Canal and Mississippi River increased domestic supply and further pressured prices.
Methylene Diphenyl Diisocyanate (MDI) Price Trend in APAC Regions:
Methylene Diphenyl Diisocyanate (MDI) prices fell in the APAC region, primarily driven by reduced demand in downstream sectors and cost-effective production due to lower benzene prices. Improved PU consumption in wood furniture toward the end of the quarter wasn’t enough to offset declines, and supply chain issues in the Suez Canal limited feedstock availability, maintaining a bearish trend.
Methylene Diphenyl Diisocyanate (MDI) Price Trend in Europe Regions:
In Europe, MDI prices declined consistently as demand in the Polyurethane sector slowed and manufacturers shifted toward bio-based alternatives. The Eurozone Manufacturing Index showed sector contraction, while Covestro's force majeure in Germany and a drop in wood furniture demand due to a housing bubble impacted the overall market.
Key Details About the Methylene Diphenyl Diisocyanate (MDI) :
Methylene diphenyl diisocyanate (MDI) is essential in producing polyurethanes, including foams, adhesives, coatings, and elastomers. Strong demand in the construction industry, driven by energy-efficient insulation needs, and the automotive sector’s focus on lightweight materials support MDI growth. Innovations in bio-based polyurethanes and MDI manufacturing are expanding market potential, aligning with sustainability goals and offering diverse applications across construction, automotive, and electronics industries.
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Regional Price Analysis:
Note: The current country list is selective. Upon request, detailed insights into additional countries can be obtained for clients.
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