Rise in MDI Prices in Europe Amid Weak Production Levels

Rise in MDI Prices in Europe Amid Weak Production Levels

Patricia Jose Perez 10-Oct-2024

The Methylene Diphenyl Diisocyanate (MDI) price trend inclined in the second half of September xxxx and suppliers in Europe raised the quotations by x.xx during the month.  The MDI demand was consistent in the international market and the supply availability was moderately low due to weak production rates.  Europe&#xx;s PMI Output Index for Germany declined for the fourth consecutive month in September, marking the lowest since February. This reading indicates a significant contraction in overall output for goods and services. The manufacturing sector&#xx;s decline intensified, with goods production experiencing its sharpest drop in a year.  At the same time, the supply disruptions included temporary maintenance at major MDI plants in key Asian MDI producers in China, and fluctuating raw material costs, with weak cost support impacting the MDI prices impacting the MDI market in Europe. However, the demand for MDI was stable among domestic...

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