The Methylene Diphenyl Diisocyanate (MDI) prices decrease in the USA during May xxxx. It recorded a xx decline amid stable demand and improved availability of supplies in the market. The demand for MDI was moderately low from the downstream Polyurethane industries due to declined offtakes from the Automotive sector amid oversupplies of Chinese EV vehicles in the international market. However, US light vehicle sales reached xx.x million units (annualized) in the first quarter of xxxx, reflecting a x.xx increase compared to the previous year.
At the same time, the market experienced ample availability of MDI stocks, caused by the firm operating rates at manufacturing facilities and moderate offtakes from the buyers. Meanwhile, the manufacturing rates were intermediate amid a shift in cost support on feedstock Benzene and Aniline and moderation in upstream supplies. The MDI feedstock Benzene prices rose in the second half of...
