At the beginning of March xxxx, the Toluene Diisocyanate (TDI) prices witnessed a slight decrease of x.xx in Germany amid improved availability of supplies in the regional market due to a reduction in offtakes because of moderate operation rates in the manufacturing units and cautious buying activities from the buyers.
As per the sources, in February xxxx, the Eurozone&#xx;s Manufacturing Purchasing Manager&#xx;s Index declined marginally compared to the previous month and remained below xx, indicating a slowdown in manufacturing sector activities. The TDI demand was moderate to produce Polyurethane components in the Polyurethane segment as the construction sector saw a rise in outlook due to hopes of rate cuts and a decline in inflation by x.xx during the past month. Similarly, the automotive industry witnessed a surge in demand for TDI amid the rise in the production of electric vehicles and an xx increment in car sales...
