The Toluene Diisocyanate (TDI) prices elevated by almost x.xx in the European region during April xxxx as the availability of TDI stocks was average in the market amid the affliction in the production rates. The industries were facing the energy crisis amid weak LNG exports from US exporters. The increase in the electricity costs in the region raised the variable production costs. At the same time, the decline in skilled foreign labor due to rising racial tensions in the country likely impacted operating rates at manufacturing units. Many leading companies in Germany and the Netherlands have voiced worries about encountering recruitment difficulties due to prevailing anti-immigrant attitudes. Some employers have publicly stated that they are witnessing employee turnover directly associated with this sentiment. A lack of skilled workforce has resulted in disruptions to production timelines, potentially causing decreased output and heightened expenses.
In the second half of...
