The Japanese Polyurethane Foam market continued its downward trajectory, with prices reflecting a bearish sentiment entering November xxxx. Demand conditions in the domestic market remained unfavourable, despite some improvement in demand conditions witnessed in the secondary downstream wooden furniture industry. A reduction in production costs, due to improved supplies of key feedstocks such as MDI and TDI, combined with slow demand from the domestic market, continued to influence the market conditions for Polyurethane Foam in Japan.
This trend persisted despite one of the major manufacturers of Polyurethane Foam in Japan, Toray Lycra, increasing prices by ¥xx,xxx/MT to ¥xx,xxx/MT for dispatches scheduled from November x, xxxx. Overall, production conditions for Polyurethane Foam in Japan remained positive, as reported by Japan&#xx;s Ministry of Economy, Trade, and Industry for September xxxx, with data for October xxxx still pending.
Production of Polyurethane Foam grew from xx,xxx tonnes in August...
