In the European region, the regional Methylene Diphenyl Diisocyanate (MDI) producers decreased their quotations inconsiderably by x.xx during the prime month of xxxx amid moderate to low demand from buyers and affliction in production and supply chain activities.
As per the sources, at the beginning of xxxx, the Eurozone&#xx;s manufacturing Purchasing Manager&#xx;s Index indicated some improvement and rose marginally, indicating a slowdown in the reduction of the manufacturing sector activities but remained below xx amid a decline in new orders and output rates. The market did not showcase any significant improvement in inquiries for MDI amid the ongoing economic slowdown in the region. The consumption rates remained moderately low in the Polyurethane segment, and MDI inventory levels remained firm in the regional market.
Reports have highlighted that the European Wood furniture market experienced adverse effects resulting from the burst of a housing bubble. This economic downturn...
