In November xxxx, the Methylene Diphenyl Diisocyanate market (MDI) in Europe exhibited bearish trends, driven by reduced offtakes and falling production prices. The market saw an adequate supply of existing MDI stocks, while production levels remained moderate and export rates were low, leading to an increase in domestic inventory levels. The Orders for MDI have further declined from buyers, driven by weak demand from the Polyurethane sector amid slow consumption of PU materials in the construction sector. In October xxxx, the Eurozone construction sector remained under pressure, facing contraction as economic and political uncertainties weighed heavily on activity. Reduced demand across commercial, civil engineering, and residential construction is evident, with major economies like Germany and France witnessing persistent challenges in both new project initiations and overall investment sentiment. Cost pressures have eased, driven by lower input prices and a drop in subcontractor rates, yet these positives highlight...
