In October xxxx, the price trend for Toluene Diisocyanate in the North American region showed a bearish movement, driven by reduced demand for isocyanates within the downstream Polyurethane sector. Toluene Diisocyanate, a component material used in Polyurethane production, experienced sluggish demand from Polyurethane foam manufacturers, primarily due to weaker consumption in the furniture industry. High inventory levels in the furniture sector were a key factor, as spending at furniture stores dropped by x.xx in September xxxx, partly due to rising furniture prices. During the same period, the construction sector showed stable Polyurethane consumption, particularly for applications such as adhesives, coatings, and pipes, supported by existing stock levels. The U.S. Bureau of Labor Statistics reported that the Producer Price Index (PPI) for adhesives and sealants remained unchanged in October from the previous month.
At the same time, Toluene Diisocyanate inventories remained relatively firm in the North American market,...
