Increase supply Causing Hexamethylene Diisocyanate Prices Decline in Europe

Increase supply Causing Hexamethylene Diisocyanate Prices Decline in Europe

Gabreilla Figueroa 23-Sep-2024

In September xxxx, the Hexamethylene Diisocyanate quotations are declining in the European region. Buyers were approaching the market with caution, placing orders selectively, and maintaining a wait-and-see stance. In response to the off-season, major production regions have slowed market transactions, and manufacturers have slightly reduced their Hexamethylene Diisocyanate prices. The demand for Hexamethylene Diisocyanate was depressing in the polyurethane segment due to the sluggish consumption of materials in the construction sector. The eurozone construction sector continues to decline through the middle of Qx xxxx. New orders dropped significantly, leading to reduced construction activity, ongoing cuts in employment, and decreased purchasing. The decline was widespread across the eurozone’s major economies, across all construction sectors. The HCOB Eurozone Construction PMI Total Activity Index held steady at July’s six-month low of xx.x, marking xx consecutive months of reduced activity. Housing experienced the sharpest decline since April xxxx, while commercial and civil...

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