For the Quarter Ending March 2026
听
Methylene Diphenyl Diisocyanate Prices in North America
- In the USA, the Methylene Diphenyl Diisocyanate Price Index fell by 0.41% quarter-over-quarter, reflecting balanced fundamentals.
- The average Methylene Diphenyl Diisocyanate price for the quarter was approximately USD 2436.67/MT, reflecting mid-Q1 stability.
- Methylene Diphenyl Diisocyanate Spot Price remained thin, limited parcels traded, supporting firmer Price Index momentum toward month end.
- Methylene Diphenyl Diisocyanate Price Forecast suggests near-term firmness driven by feedstock constraints and sustained export interest.
- Methylene Diphenyl Diisocyanate Production Cost Trend rose as benzene and aniline costs increased amid geopolitical disruptions.
- Methylene Diphenyl Diisocyanate Demand Outlook remains steady, supported by insulation and automotive foam consumption into spring.
- Inventory levels tightened late March as exports improved, tightening the domestic Price Index and reducing spot liquidity.
- Major Gulf Coast producers ran stable rates, periodic maintenance limited spot availability, supporting sustained Price Index strength.
Why did the price of Methylene Diphenyl Diisocyanate change in March 2026 in North America?
- Escalating benzene and aniline costs from Middle East tensions increased production expenses, pressuring MDI margins and pricing.
- Reduced imports and higher tariffs in March constrained availability, shifting domestic supply balance and tightening spot market.
- Steady downstream consumption from construction and insulation maintained demand while export flows further absorbed available tonnage.
Methylene Diphenyl Diisocyanate Prices in APAC
- In Japan, the Methylene Diphenyl Diisocyanate Price Index fell by 3.38% quarter-over-quarter, driven by inventory overhang.
- The average Methylene Diphenyl Diisocyanate price for the quarter was approximately USD 1973.00/MT and reflected modest seller resistance.
- Methylene Diphenyl Diisocyanate Spot Price volatility eased as distributors drew down inventories, supporting a firmer Price Index.
- Regional Methylene Diphenyl Diisocyanate Price Forecast reflects tightening supply, while Production Cost Trend rose due to elevated feedstock.
- Methylene Diphenyl Diisocyanate Demand Outlook remained mixed as construction insulation demand counterbalanced softer export-driven orders.
- Domestic supply disruptions in March tightened availability, pushing the Methylene Diphenyl Diisocyanate Price Index significantly higher.
- Rising naphtha, benzene and LNG costs lifted Methylene Diphenyl Diisocyanate Production Cost Trend and Spot Price.
- Market participants expect short-term stabilisation; Methylene Diphenyl Diisocyanate Price Forecast balances tight supply and cautious Demand Outlook.
Why did the price of Methylene Diphenyl Diisocyanate change in March 2026 in APAC?
- Strait of Hormuz shutdown disrupted naphtha and benzene inflows, reducing feedstock availability and pressuring domestic supply.
- Elevated crude and LNG-linked energy tariffs increased production costs, supporting higher offers despite muted downstream procurement.
- Inventories were drawn down then sharply constrained, while logistics delays and insurance surcharges tightened regional spot availability.
Methylene Diphenyl Diisocyanate Prices in Europe
- In Germany, the Methylene Diphenyl Diisocyanate Price Index rose by 2.21% quarter-over-quarter, driven by feedstock tightness.
- The average Methylene Diphenyl Diisocyanate price for the quarter was approximately USD 1929.33/MT, reflecting balance.
- Methylene Diphenyl Diisocyanate Spot Price firmed in late March as allocations tightened, lifting Price Index.
- Methylene Diphenyl Diisocyanate Price Forecast signals upside risk from elevated benzene and shipping premiums ahead.
- Methylene Diphenyl Diisocyanate Production Cost Trend shows upward bias from benzene, energy, and insurance increases.
- Methylene Diphenyl Diisocyanate Demand Outlook remains steady with insulation and automotive sectors providing measured offtake.
- Inventory draws and allocations by German producers tightened availability, reinforcing Methylene Diphenyl Diisocyanate Price Index.
- Export demand and insurance premiums raised landed costs, supporting stronger Methylene Diphenyl Diisocyanate Spot Price.
Why did the price of Methylene Diphenyl Diisocyanate change in March 2026 in Europe?
- Middle East geopolitical tension elevated benzene and energy costs, increasing German MDI production cost pressures.
- Higher freight and insurance premiums plus longer routing tightened imports, reducing spot supply into Hamburg terminals.
- Seasonal demand remained moderate; insulation and automotive offtake steady but insufficient to absorb tightening supply.
For the Quarter Ending December 2025
North America
鈥� In USA, the Methylene Diphenyl Diisocyanate Price Index fell by 1.57% quarter-over-quarter, reflecting weaker demand.
鈥� The average Methylene Diphenyl Diisocyanate price for the quarter was approximately USD 2446.67/MT, weekly average.
鈥� Methylene Diphenyl Diisocyanate Spot Price remained range-bound amid steady output and elevated inventories pressuring bids.
鈥� Rising energy and Benzene costs influenced Methylene Diphenyl Diisocyanate Production Cost Trend, pressuring Price Index.
鈥� Methylene Diphenyl Diisocyanate Demand Outlook shows construction support offsetting subdued furniture and bedding activity regionally.
鈥� The Methylene Diphenyl Diisocyanate Price Forecast anticipates modest winter volatility with limited sustained upward momentum.
鈥� Elevated inventories and mixed export demand exerted downward pressure on Methylene Diphenyl Diisocyanate Price Index.
鈥� Normal operating rates kept supply balanced, limiting short-term volatility in Methylene Diphenyl Diisocyanate Price Index.
Why did the price of Methylene Diphenyl Diisocyanate change in December 2025 in North America?
鈥� Domestic supply remained healthy while winter reduced downstream schedules, creating modest downward pressure on prices.
鈥� Higher feedstock costs raised production expenses, offsetting some downward pressure on Methylene Diphenyl Diisocyanate Index.
鈥� Logistics improvements on Asia-Europe routes and weaker transpacific flows influenced export demand and inventory levels.
APAC
鈥� In Japan, the Methylene Diphenyl Diisocyanate Price Index fell by 3.68% quarter-over-quarter, reflecting steady supply and weak year-end demand.
鈥� The average Methylene Diphenyl Diisocyanate price for the quarter was approximately USD 2042.00/MT, reflecting balanced regional supply and steady consumption.
鈥� Methylene Diphenyl Diisocyanate Spot Price remained range bound as the Price Index signalled equilibrium between supply and demand.
鈥� Methylene Diphenyl Diisocyanate Price Forecast indicates modest volatility from logistics cost increases and pre-winter restocking activity.
鈥� Methylene Diphenyl Diisocyanate Production Cost Trend tightened as higher energy and benzene input costs pressured operating margins regionally.
鈥� Methylene Diphenyl Diisocyanate Demand Outlook remains cautious with construction and automotive supporting demand but year-end buying subdued.
鈥� Inventories stayed comfortable, exports moderate, and major producers operated steadily, keeping the Methylene Diphenyl Diisocyanate Price Index subdued.
鈥� Logistics constraints and seasonal freight cost increases provided upward cost support while buying interest remained muted, limiting recovery.
Why did the price of Methylene Diphenyl Diisocyanate change in December 2025 in APAC?
鈥� Elevated regional supply and steady plant operating rates increased availability, exerting downward pressure on prices during December.
鈥� Weaker year-end downstream demand from construction and automotive curtailed offtake, offsetting some cost-driven support to prices.
鈥� Rising energy and benzene costs increased production expenses while logistics congestion and seasonal freight pressures influenced landed costs.
Europe
鈥� In Germany, the Methylene Diphenyl Diisocyanate Price Index fell by 5.38% quarter-over-quarter, amid oversupply conditions.
鈥� The average Methylene Diphenyl Diisocyanate price for the quarter was approximately USD 1887.67/MT in Germany.
鈥� Methylene Diphenyl Diisocyanate Spot Price remained subdued amid ample inventories and muted downstream procurement activity.
鈥� Methylene Diphenyl Diisocyanate Price Forecast suggests mild recovery as winter insulation demand stabilizes Price Index.
鈥� Methylene Diphenyl Diisocyanate Production Cost Trend rose on higher benzene and energy costs, pressuring margins.
鈥� Methylene Diphenyl Diisocyanate Demand Outlook remains cautious, automotive firming offset by softer construction and furniture.
鈥� Price Index weakness reflected inventory accumulation, Asian imports, and subdued export demand weighing on offers.
鈥� Regional producers ran moderate rates; planned maintenance could tighten availability while year-end restocking provided support.
Why did the price of Methylene Diphenyl Diisocyanate change in December 2025 in Europe?
鈥� Increased regional supply and sustained inventories pressured prices despite steady downstream demand and Asian imports.
鈥� Rising energy and benzene feedstock costs elevated production expenses, limiting margin flexibility amid weak offtakes.
鈥� Seasonal construction slowdown and year-end delays reduced demand, while restocking remained insufficient to absorb surplus.
For the Quarter Ending September 2025
North America
鈥� In the USA, the Methylene Diphenyl Diisocyanate Price Index fell by 1.95% quarter-over-quarter, from balanced supply.
鈥� The average Methylene Diphenyl Diisocyanate price for the quarter was approximately USD 2625.67/MT.
鈥� Methylene Diphenyl Diisocyanate Spot Price remained muted as inventories and steady exports balanced buyer interest.
鈥� The Methylene Diphenyl Diisocyanate Price Forecast suggests modest upside from hurricane disruptions and seasonal restocking.
鈥� Improved Benzene flows eased the Methylene Diphenyl Diisocyanate Production Cost Trend, limiting immediate producer pass-through.
鈥� The Methylene Diphenyl Diisocyanate Demand Outlook is stable, supported by automotive and construction foam consumption.
鈥� Methylene Diphenyl Diisocyanate Price Index was range-bound as producers rolled over quotations amid mixed offtakes.
鈥� Export headwinds and tariffs constrained volumes, affecting Methylene Diphenyl Diisocyanate spot liquidity and domestic availability.
Why did the price of Methylene Diphenyl Diisocyanate change in September 2025 in North America?
鈥� Easing crude and Benzene reduced MDI production costs, exerting downward pressure on MDI Price Index.
鈥� Stable automotive and construction demand supported consumption, limiting volatility in Methylene Diphenyl Diisocyanate Price Index.
鈥� Balanced inventories and tariff-driven export headwinds constrained upside, keeping MDI Price Index contained.
APAC
鈥� In Japan, the Methylene Diphenyl Diisocyanate Price Index rose by 9.45% quarter-over-quarter, constrained supplies, and steady demand.
鈥� The average Methylene Diphenyl Diisocyanate price for the quarter was approximately USD 2120.00/MT in Japan during Q3.
鈥� Methylene Diphenyl Diisocyanate Spot Price remained range-bound amid moderate offtake and logistics disruptions affecting availability.
鈥� Methylene Diphenyl Diisocyanate Production Cost Trend softened as benzene and crude oil eased, reducing cost-push pressure on suppliers.
鈥� Methylene Diphenyl Diisocyanate Demand Outlook stays cautious with automotive and construction off-takes steady, but buyer restraint persists.
鈥� Short term Methylene Diphenyl Diisocyanate Price Forecast indicates range-bound movement, seasonal restocking and logistics shifts driving marginal swings.
鈥� Japan's Methylene Diphenyl Diisocyanate Price Index showed resilient levels due to limited exports and moderate domestic production rates.
鈥� Inventory levels moderated; typhoon season and port congestion constrained shipments, tightening Methylene Diphenyl Diisocyanate Spot Price liquidity.
Why did the price of Methylene Diphenyl Diisocyanate change in September 2025 in APAC?
鈥� Reduced exports and moderate domestic demand balanced, while constrained logistics tightened short term availability and pricing.
鈥� Eased benzene and crude oil lowered production costs, reducing upward cost pressure on MDI supplier offers.
鈥� Improved intra-Asia flows but regional port congestion and seasonal typhoons created intermittent delays influencing September price stability.
Europe
鈥� In Germany, the Methylene Diphenyl Diisocyanate Price Index fell by 4.18% quarter-over-quarter, reflecting weaker demand.
鈥� The average Methylene Diphenyl Diisocyanate price for the quarter was approximately USD 1995.00/MT across domestic channels.
鈥� Methylene Diphenyl Diisocyanate Spot Price movements remained muted, with Price Index stability reflecting balanced production and consumption.
鈥� Methylene Diphenyl Diisocyanate Price Forecast suggests volatility ahead, driven by feedstock shifts and seasonal restocking patterns.
鈥� Methylene Diphenyl Diisocyanate Production Cost Trend softened as benzene and crude oil eased, alleviating manufacturing margin pressures.
鈥� Methylene Diphenyl Diisocyanate Demand Outlook moderate, supported by automotive and construction offtakes but constrained by housing weakness.
鈥� Methylene Diphenyl Diisocyanate Price Index reflected tight inventories and steady export demand, tempering deeper downward price momentum.
鈥� Regional producer operational adjustments and maintenance outages impacted supply, supporting Price Index stability amid subdued European demand.
Why did the price of Methylene Diphenyl Diisocyanate change in September 2025 in Europe?
鈥� Lower benzene availability tightened feedstock supplies, exerting upward cost pressure on MDI producers in September.
鈥� Balanced demand from automotive and construction kept offtakes stable, preventing Price Index declines in month.
鈥� Logistics disruptions and labor shortages constrained intra-EU flows, reducing available supply, and supporting MDI pricing.
For the Quarter Ending June 2025
Asia-Pacific (APAC)
鈥� Methylene Diphenyl Diisocyanate Price Index in APAC remained volatile during Q2 2025, closing at USD 2070/MT FOB Qingdao in early July. After a sharp 9% price decline in April 2025, Methylene Diphenyl Diisocyanate prices rebounded in the first half of Q2, driven by tight global supplies and seasonal stocking activities. However, prices softened slightly by late May amid weak export activity, elevated inventories, and easing feedstock costs. June saw a balanced market with stable demand from automotive PU applications and subdued construction demand. A modest 1.4% uptick was recorded in early July, supported by firm downstream activity and easing crude oil costs following geopolitical de-escalation.
鈥� Why did the price of Methylene Diphenyl Diisocyanate change in July 2025 in APAC?
鈥� In early July 2025, MDI prices increased slightly by 1.4% as polyurethane demand from the automotive sector remained firm. Supplies stayed limited, while upstream feedstock benzene costs softened after crude oil prices fell due to easing geopolitical tensions between Israel and Iran, lowering risk premiums across global energy markets.
鈥� The Methylene Diphenyl Diisocyanate Price Forecast for early Q3 2025 suggests cautious stability with mild upside risks, driven by ongoing downstream PU consumption, potential feedstock volatility, and energy price movements, alongside supply limitations stemming from trade restrictions and logistical headwinds.
鈥� The Methylene Diphenyl Diisocyanate Production Cost Trend remained pressured by fluctuating feedstock Benzene and upstream crude oil prices. Cost support fluctuated throughout Q2, with sharp spikes driven by Middle East tensions in June, followed by relief in early July. Despite consistent production, regional supply remained tight due to freight issues and tariff concerns.
鈥� Methylene Diphenyl Diisocyanate Demand Outlook is steady but mixed. Automotive sector demand鈥攅specially from EV and hybrid vehicle platforms鈥攔emains resilient, driving stable PU foam usage. In contrast, construction sector demand stayed subdued amid project delays, high inventories, and financing bottlenecks, weighing on near-term insulation-related consumption.
鈥� China鈥檚 export performance for MDI remained firm in June, with outbound volumes to Southeast Asia and North America rising due to pre-tariff front-loading. Improved vessel availability and stabilized port activity facilitated shipments, though cautious sentiment persisted due to global trade uncertainties.
鈥� Domestic consumption in East and South China stayed steady, supported by PU demand from automotive and infrastructure sectors. Provinces like Guangdong and Jiangsu benefited from sustained EV rollout and insulation demand, although construction remained patchy. Logistics constraints and rising shipping costs also moderated supply-chain momentum.
North America
鈥� MDI prices exhibited fluctuation throughout the quarter. The price started at USD 2690/MT in early May, with a 3% price reduction due to weak demand and trade disruptions. By late April, there was a 1.5% recovery, driven by rising feedstock costs (Benzene) and geopolitical factors affecting crude oil prices. A slight decrease of 0.5% was seen in June, reaching USD 2640/MT, attributed to limited demand from automotive and infrastructure sectors, despite logistical disruptions and geopolitical tensions.
鈥� In early July, prices decreased marginally by 0.5%, reaching USD 2640/MT, driven by softened demand from the automotive sector, especially for electric vehicle components, while the construction sector faced challenges due to high mortgage rates, limiting demand for construction materials.
鈥� Prices are expected to remain stable with slight upside potential. However, external risks, such as geopolitical instability and trade policy changes, particularly in the Middle East, could exert upward pressure on prices.
鈥� MDI production costs were moderately elevated, primarily due to rising feedstock costs (Benzene) and ongoing logistical challenges. While crude oil prices softened slightly, the geopolitical tensions added pressure to feedstock pricing and shipping costs, tightening margins for producers.
鈥� MDI demand remained moderate in Q2 2025, with steady consumption in the automotive sector (especially for electric vehicles and PU components) and non-residential infrastructure projects. However, the residential construction sector showed weakness, constrained by high mortgage rates and soft project initiation.
鈥� MDI export activity faced trade disruptions and logistical bottlenecks, exacerbated by newly implemented tariffs. Despite these challenges, steady production and inventory management allowed consistent supply to key North American markets.
鈥� The 鈥淟iberation Day鈥� tariffs and changes in trade policies with Canada and Mexico, alongside port congestion and rising freight costs, disrupted trade flows. Export volumes were impacted as U.S. producers adjusted to new tariff regimes and logistical constraints.
Europe
鈥� Methylene Diphenyl Diisocyanate (MDI) prices in Europe registered a quarterly decline of approximately 11.3% in Q2 2025, driven by persistent weakness in end-use demand, cost-side volatility, and ongoing logistical disruptions. FD Hamburg quotations fell from around USD 2225/MT in early April to USD 1975/MT by early July, with monthly declines of 6.1% in April, 9.8% in May, and 2.9% in June. Despite stable production fundamentals and some regional demand support, bearish sentiment across the construction and automotive sectors weighed heavily on overall market performance.
鈥� The Methylene Diphenyl Diisocyanate Price Forecast for early Q3 2025 points to a cautiously stable-to-soft trend, dependent on benzene feedstock volatility, downstream polyurethane demand stability, and easing of logistical headwinds, including port congestion, freight capacity issues, and workforce shortages.
鈥� MDI Production Cost Trends remained volatile throughout Q2. Early-quarter cost relief from falling Brent crude oil prices鈥攄ue to de-escalation in the Middle East鈥攚as reversed in late June as geopolitical tensions resurged, elevating energy and shipping risks. Rising tolls and inland transport costs in Denmark and the Netherlands further strained regional producer margins amid ongoing port delays at Hamburg, Antwerp, and Bremerhaven.
鈥� The Methylene Diphenyl Diisocyanate Demand Outlook remained weak, reflecting soft construction activity and sluggish automotive output. Construction demand was hindered by high borrowing costs and reduced residential starts, especially in Germany and France, though moderate support was observed in the UK and Eastern Europe. In automotive, reduced petrol and diesel vehicle sales were only partially offset by EV production. Overall, MDI demand remained limited by conservative procurement strategies, margin pressures, and muted consumer confidence.
鈥� European MDI trade flows were disrupted throughout Q2 by labor shortages, regulatory burdens, and transport constraints. Low Rhine River water levels and bottlenecks under the EU Import Control System 2 delayed shipments and added compliance costs, compounding toll-related expenses and reducing delivery efficiency.
鈥� Demand trends across the region were uneven. While Germany and France struggled with low consumer confidence and weak offtakes, Italy and Eastern Europe saw more resilient demand from sectors like automotive interiors, insulation systems, and industrial foams. These pockets of stability helped offset broader declines but were insufficient to reverse the overall downward trend.
