The MDI (Methylene Diphenyl Diisocyanate) prices remained unchanged by European suppliers since the beginning of the third quarter of xxxx amid equilibrium in demand-supply dynamics. The MDI supply availability was ample to cater to the demand from the downstream Polyurethane segment. Meanwhile, automotive sales improved in Germany during June xxxx by almost xxx from the previous month. However, in the first half of xxxx, electric vehicle (EV) sales in Germany declined by xx.xx, with Tesla experiencing a substantial sales drop of xx.xx. Consequently, the consumption of Polyurethane foam remained average in the Automotive sector, which stabilized the orders for PU component MDI, keeping inventory levels steady across Europe.
Additionally, the downturns in the construction sector persisted as purchasing sentiment weakened, resulting in diminished demand for polyurethane materials in the industry. The housing sector continued to lag behind other industries, though it showed some improvement as the rate...
