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HDI Prices Surge Nearly 10% in Europe Amidst Rising Demand and Supply Chain Challenges

HDI Prices Surge Nearly 10% in Europe Amidst Rising Demand and Supply Chain Challenges

Sasha Fernandes 05-Feb-2024

Hamburg (Germany): In the European region, the Hexamethylene Diisocyanate (HDI) price movement shifted, and quotations increased by almost xxx during the prime month of xxxx due to an increase in demand from buyers and stressed availability of supplies amid afflictions in production and supply chain activities.

According to sources, the Eurozone&#xx;s manufacturing Purchasing Manager&#xx;s Index rose marginally at the beginning of xxxx, indicating a slowdown in the reduction of manufacturing sector activities but remained below xx amid a decline in new orders and output rates.

Sources also indicated that the demand for Polyurethane and Polyurethane components slightly picked up the pace in the automotive industries after Tesla and BYD reduced their prices, resulting in an escalation in orders for electric vehicles. The furniture industry also saw a surge in sales due to Presidents&#xx; Day deals. Consequently, orders for Polyurethane foam inclined from the automotive sector, and...

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