The MDI (Methylene Diphenyl Diisocyanate) price trend remained firm at the beginning of Qx of xxxx, and quotations rose by almost xx in July xxxx amid fluctuation in demand and shortages of supplies. The automotive sales improved in Germany during June xxxx by xxx from the previous month. However, in the first half of xxxx, electric vehicle (EV) sales in Germany declined by xx.xx, with Tesla experiencing a substantial sales drop of xx.xx. Consequently, the consumption of polyurethane foam remained consistent in the automotive sector, which improved the orders for PU component MDI.
However, the MDI price trend tilted downward in the second half of July as market players reduced prices by x.xx to boost sales amid ample supply availability. The Demand for MDI remained sluggish among downstream polyurethane manufacturers due to reduced consumption of construction materials in the construction sector. This weakness in demand for MDI...
