US MDI polymeric markets shifted from a firmer mid-April stance to a softer finish as feedstock costs eased and downstream demand remained muted. Early in April, market participants reported balanced supply and cautious, inventory-driven buying, while mid-month disruptions and limited import arrivals briefly tightened availability. By late April, sentiment weakened as aniline and benzene pressures turned against sellers and construction, insulation and furniture end-users curtailed purchases. The net effect was a retreat from month-highs into a range-bound trading pattern unless upstream or downstream drivers shift. Downstream demand remained broadly soft across core polymeric MDI applications, with polyurethane, construction, insulation and furniture contributing to subdued consumption. Production dynamics provided some relief after mid-month tightness, though planned maintenance at a major producer contributed to short-term supply pressure. The current view is for a stable to range-bound market into the coming week, with upside requiring a clear downstream rebound or renewed supply disruption, and downside risks if buying stays selective.
