In the US, the Methylene Diphenyl Diisocyanate (MDI) market showcased bearish sentiments during the concluding month of the year. This was due to a rise in supply in the domestic market while demand from buyers was low. With a steady supply and weak buying interest, MDI prices fell during the period.
MDI consumption in the US followed a modestly volatile trend among end users during the month amid winter conditions and reduced year-end production schedules. Market for the furniture and bedding remained weak as slow retail sales and cautious consumers trimmed flexible foam production and thus MDI consumption in household goods. In contrast, the construction sector demonstrated good support with civil engineering and infrastructure projects, maintaining strong demand for rigid foams, insulations, and structural products despite a slower pace of residential housing.
The automotive industry received moderate support, as consistently strong...
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