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US MDI polymeric markets shifted from a firm mid-April posture to a softer finish in late April as easing feedstock costs and muted downstream demand reduced buying urgency. Early in April, MDI market participants reported balanced supply and cautious, inventory-focused 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 the month鈥檚 highs and a move toward a range-bound trading environment for MDI.
Downstream demand for MDI remained broadly weak across core polymeric MDI applications, with the polyurethane industry, construction, insulation and furniture segments all contributing to subdued consumption. The MDI Polymeric Grade DEL Texas benchmark rose over the month but faced pullback into the month end; April **** closed at $*,***/MT versus a prior...
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