The global Polyurethane Resin market is riding a wave of bullish momentum as xxxx kicks off, driven by unprecedented price hikes and looming disruptions from a Polar Vortex storm expected to impact the northern U.S. Major producers have announced significant increases in feedstock prices, while adverse weather threatens to disrupt production, transportation, and logistics, further tightening supply chains.
In the U.S., market conditions for Polyurethane Resin turned favorable with an agreement between the ILA and USMX, boosting exports to Canada and Mexico. Chemical railcar loadings climbed x.xx to xx,xxx in the first week of January xxxx, according to the Association of American Railroads. Domestic production of Polyurethane Resin remained robust, with major plastic resin output reaching x.x billion pounds in November xxxx, up x.xx month-on-month. However, this ample supply was overshadowed by rising costs, as feedstock TDI prices surged, driven by clients paying premiums for storage and...
