The Methylene Diphenyl Diisocyanate (MDI) price trend continued to showcase bullish movement in Germany during March xxxx. One significant factor affecting the production costs of MDI is the surge in feedstock Benzene prices amid the volatility in Brent crude oil prices resulting from production cuts by OPEC+ and the moderate availability of US stocks in the international market. Such fluctuations in crude oil prices often ripple through the petrochemical supply chain, impacting the prices of intermediate products like Benzene and Aniline. Additionally, the decline in skilled foreign labor due to rising racial tensions in the country has likely impacted operating rates at manufacturing units. A shortage of skilled labor led to disruptions in production schedules, potentially reducing output and increasing costs.
Despite these challenges, demand for MDI remained consistent from buyers. As per the sources, the new orders improved in the European region in March xxxx compared...
