The Methylene Diphenyl Diisocyanate (MDI) price trend oscillated in June xxxx amid fluctuations in demand-supply dynamics. In the first half of June xxxx, the persistent decline in consumption of Polyurethane materials in the construction sector kept the MDI orders low from Polyurethane manufacturers, and producers decreased their quotations to improve offtakes from the market. At the same time, the market experienced consistent availability of MDI stocks amid average offtakes from buyers and stable operating rates at manufacturing facilities. The manufacturing rates were steady amid a reduction in the prices and the firm availability of feedstock Benzene supplies during the first half of the month. It eased the production costs of MDI. On the contrary, the cost support was firm from the feedstock Aniline as the availability of feedstock Aniline supplies was moderately low in the regional market due to reduced production rates in the Hx of the month.
