The European suppliers lowered Toluene Diisocyanate (TDI) prices during May xxxx due to ample stock levels and weakening demand from the downstream Polyurethane sector. Declines in new car registrations and cautious construction activity have subdued PU demand. Production rates remained moderate amid high energy costs, weak local demand, and global competition, while lower input prices eased production costs. Supply chain disruptions and regulatory changes added logistical challenges, causing delays and increased costs. However, TDI prices are expected to rise in the second half of Qx xxxx, driven by seasonal demand from construction, with stable production and firm offtakes anticipated to reduce inventories.
The demand for TDI to produce polyurethane (PU) products remained subdued, especially in the automotive and construction sectors. In the automotive industry, there was a decline in new car registrations, with a significant reduction in orders for...
