Rising US Toluene Diisocyanate Prices Driven by Supply Shortages and Steady Demand

Rising US Toluene Diisocyanate Prices Driven by Supply Shortages and Steady Demand

Francis Stokes 30-Aug-2024

In the USA, the market players raised Toluene Diisocyanate quotations by x.xx during August xxxx. The demand for Toluene Diisocyanate to produce polyurethane foam and resin was steady from buyers, while supply availability was inadequate in the market due to shipment delays. The orders for Toluene Diisocyanate to produce polyurethane resin were steady due to increased consumption of end-use materials in the Construction sector. In the U.S. construction sector, the Dodge Momentum Index (DMI) saw a significant xx.xx rise from May to June and is xx higher than last year, reflecting a surge in large-scale projects exceeding USD xxx million and a growing emphasis on data center construction. This uptick indicates a robust expansion within the industry, with major projects advancing through the planning and execution phases. Additionally, construction cost inflation has moderated, with the national average increase at x.xxx in Qx xxxx, down from x.xxx in...

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