Huntsman has announced a significant price increase of EUR xxx (approx. USD xxx) per metric ton for MDI (Methylene Diphenyl Diisocyanate) products and MDI-based polyurethane, effective February x, xxxx. This price adjustment will impact customers across Europe, Africa, the Middle East, and India. The increase applies to MDI products, widely used in various industries including automotive, construction, insulation, and other polyurethane-based applications. Additionally, with the Chinese market closing for the Lunar New Year holidays, tight supply conditions are anticipated, further driving up MDI prices.
The company attributed the price rise to sustained cost pressures in key raw materials, energy, and logistics. With ongoing global supply chain disruptions and rising energy costs, Huntsman’s decision reflects broader market trends in the chemical industry. The price increase for MDI and MDI-based polyurethane comes in response to these challenges, impacting industries dependent on these materials. Huntsman has assured its customers that...
