The Methylene Diphenyl Diisocyanate (MDI) price trend has sustained its firmness, exhibiting an upward trajectory in the first half of May xxxx. It recorded a marginal x.xx incline amid consistent demand surpassing supply. The MDI offtakes were stable from the downstream Polyurethane segment. In the Automotive sector, car registrations in Germany fell to xxx,xxx units from xxx,xxx units in April xxxx from March. Simultaneously, the German construction sector continued to encounter challenges, with persistent declines in activity and employment due to ongoing weakness in demand. The inflation rate in the Euro Area stayed constant at x.xx in April xxxx, aligning with both market expectations and preliminary estimates.
In April xxxx, the HCOB Eurozone Manufacturing PMI for April xxxx remained unchanged from the preliminary estimate of xx.x, at xx.x, and fell below March&#xx;s final figure of xx.x. It indicated a slightly accelerated rate of deterioration in manufacturing business...
